Was it difficult collecting rent as a landlord, during 2-hour long gas lines? 

for me, the ones that cashflow the most are the ones that I bought with 3% long term debt, they were new (low maintenance) and they are in high appreciating areas(just a bonus but does not impact cashflow).

I can’t wait to get started, and have a small SFH rental lined up as of now.

Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

With principal pay down and other metrics you can hit double digits for return.

I didn't pay cash.

Seems like taking advantage of people to me, to line his pocket, but what do I know?  

Sewer line is clay and needs to be updated soon, roof is also toward the end of its life at 20+ years.

Fantastic to have you on board.. do you have a reliable team lined up, or are you still scouting for pros?

With these in place, the house is so close to the finish line!