Now I am inheriting a huge fixer-upper in Dallas which we will probably live in for a few years after it is repaired.My ideal situation with REI is to buy and hold multiple properties while also flipping a few per year to supplement our income.

and seating so buyers can imagine how they might live in the space.

A revocable living trust is another option for privacy and asset protection.Avoid gifting the property before death, as this would pass the original purchase price as the cost basis, creating a large capital gains tax liability upon sale.If the property is Subject A’s homestead, ensure the correct titling to maintain Florida’s homestead protection for Subject B.This post does not create a CPA-Client relationship.

A duplex to live in and easily able to exit out of it renting it 100%

Purchase price: $45,000 Sale price: $175,000 I lived here for a few years then when I was married it became a rental.

If I were in your position, I would buy a duplex that has potential for value add, fix it up, live in one unit and rent out the other unit as a medium term rental or long term rental.

While none of us will be getting our money back he can live well selling off the remaining assets as long as they don't shut him down.

Consult eviction attorney regarding commercial; I'm specifically a residential PM and commercial usually has different rules because of the nature of the investment and occupancy (tenant doesn't [usually] live there)

@Dexter Florendo Kalai AspacioBuy in the right location where people want to live and rents will continually increase.

My husband family have lived in Oahu for several generations now.