If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.

Gifting her cash simplifies ownership but forfeits these tax advantages and requires filing a gift tax return for amounts over $19,000 (2025 annual gift exclusion).

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC (you can elect to have a LLC taxed, as a S Corporation which is a whole other conversation).If you want to close in the name of a LLC, Mortgage Lenders will offer you Commercial Loan Terms (25-30% down, a 15-25 year amortization, and a ballon due in 5-7 years).

That way, we won't run into any of these problems in the future.Also, a property manager would've been able to sniff out a tenant looking to take advantage while touring them.

With the ability to add and modify categories in both income and expenses, I think it could work for both commercial and residential rentals.

There are also some tax advantages to self-managing. 

I wholeheartedly agree there are a lot of (too many) "gurus" hocking seminars and workshops and taking advantage of inexperienced, aspiring investors so they can sell more seminars and workshops and swindle more people.

Since the contributions have to come from the business income (PM biz) it’s not likely you’ll come close to taking advantage of the high contribution limits of a Solo 401k.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Very few of them come to our office nowadays, as there is no real advantage.