So if we went with the 1031 exchange we would be a bit restricted with how much we could use the property-I have tried to tap the equity in the LA rental property home but I was denied because it is operating as a business so I cannot get a HELOC -FWIW, this LA rental property home was my husband's childhood home originally, so I only pay like $1000 in tax annually...so that's another thing to consider...maybe I should just keep this easy rental-Any other suggestions?

8 percent on a bride.

As far as Robert Kiyosaki regardless if he didn't have a childhood at all, he outlines the plan every wealthy family in american uses to acquire and retain wealth.Build a business, invest the proceeds, rinse and repeat.  

I have a child hood friend down there who is getting 10-15% all day BUT he is buying value add properties, remodeling them, and then renting them out. 

Spent the rest of my childhood growing up on a farm and construction company. 

I'm sure I'm leaving out details or not considering certain things, so I wanted to share this with the community to see if there is a possibility for my sister and I to keep our childhood home within the family while still helping my parents toward a happy retirement!

This way we won't have to sit behind desks for another 30 years and miss our kids' childhood and adolescence!

@Jack Glazer I grew up in NO and we visited a lot through my childhood so I def can't rule out FL.

Investment Info:Single-family residence fix & flip investment.
Purchase price: $10 Cash invested: $35,000 Sale price: $138,000Childhood home that was in moderate disrepair from renters and passed to me ...

There is a group of investors and I know some of them from my childhood that I am wanted to propose my deal to.