If you want a referral I've worked with Ben at RPM Detroit and they do a solid job--happy to make an intro if you want to send me a direct message. 

The transfer may trigger gift tax reporting if the value of your share exceeds the annual gift tax exclusion limit ($17,000 per recipient in 2023).

It’s an interesting approach, but ensuring a strong screening process and a legally solid agreement is key.

Currently still favor the house rental for MTR and long term strategy in ABQ, but I don't think you generate any solid cash flow unless you can get a turnkey 2BR for under $250K.

Quote from @Hank Bank: Quote from @Greg Kasmer: @Hank Bank - Sounds like you have a solid property!

Make sure you have a solid contractor who knows the permitting process and does great work.

Hey Themis, it sounds like you already have a solid foundation in real estate from working in the commercial industry, so it should be a pretty smooth transition into doing your own investments.I would put a lot of focus on building out your team of contractors.

Denise’s approach to passive investing in larger deals would also be a way to generate solid returns without the stress of direct ownership.If you’re looking for actionable next steps:Speak with a business broker to explore your options before selling / tapping into your equity.Talk to a lender to see what financing and leverage options exist.Look into syndications or passive investment opportunities like Denise suggested.Join local and online real estate groups to connect with people successfully executing these strategies.There’s no single “right” answer, but the key is making a decision that keeps your money working for you without locking you into another job.

Even if you plan to self-manage, having a solid property management contact early on is always a good move.

Make sure every investment is solid and that you know how to manage them well.