Be careful not to violate any Fair Housing laws during this process.

Foundation issues are very very real there and can really destroy returns if not careful.  

You could also take out equity if you want to keep the condo and use that for another investment, but I’d be careful about over-leveraging.

Timing your next investment is all about balancing risk and financial comfort—trust your instincts and run the numbers carefully.

You have to be a serious individual that takes care business.

A couple great co-living options is STR by the room, Student housing, sober living, Senior care... 

I think it speaks volumes regarding your care to the situation the heir is involved in.

The compliance on these can be tricky, tread carefully or work with experienced funds.4) Death - Nothing is certain but death and taxes.

It's not that big of a deal, but it's just another thing to do that Airbnb takes care of for me for a lesser fee.Just my 2 cents.

The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!