He's also a beginning investor (saints preserve him, he says I inspired him to buy houses!).

If you're plan is to build up a portfolio then eventually you'll end up w/ property that's not close by & you'll need to learn how to hire/contract with a property manager, preservation company,.... someone else that will have the responsibility of the day to day management & you're job will then be to manage the company or project manager responsible for the day to day activity.  

But i know these things take time, patience and preservation, all three of which i have.

I used treasury notes as a safe comparison, but you can find the blend of investments that give you better yields while still preserving liquidity.

I would think that avoiding all of the capital gains is preferred over incurring additional property taxes (1.2% per year), but I'm not really sure.On the other hand, neither my mother or my wife/me have assets anywhere near $11.4M, in fact, both of us are probably in the $1-2M net worth range without any prospect of a substantial change; therefore, I'm not concerned with preserving the lifetime exclusion.I would really appreciate any further input you may have...Sincerely,Eric

Microsoft said:The Redmond-based company plans to split the funds up three ways:$225 million will be loaned at below-market interest rates to help developers facing high land and construction costs build and preserve "workforce housing."

2) The local sheriff/coroner will tell you if there's any crime scene to preserve and while you're waiting for this clearance, you can assemble your team of expensive-but-underpaid professionals.3) I used a company specializing in crime scene cleanups and they showed up in their moon suits to remove the remaining nasty sources of odor, including the mattress, floor covering and part of the plywood flooring in bedroom.4) Moon suit guys used an ozone generator, left on for several days.

We are going to ignore things like preservation improvements and insurance premiums for the purposes of this post. 

After a certain point it can me more important to preserve the money you have than trying to grow it at pace that has risk.I think $14Mil is big enough amount to have some one manage it for you especially if you are getting stressed about it.

Generally, the IRS considers that a donation of a qualified real property interest to preserve a historically important land area or a certified historic structure meets the test of a charitable contribution for conservation purposes.