. - along with inconsistent incomeTo be honest this person should not be investing in real estate and focus their time and energy on getting a stable w2 or income and get their credit cleaned up first

Personally I'd probably just put my energy into fixing the issue and getting it rented.

A key improvement was removing a wall to create a larger, open space, significantly boosting its rental potential.

Nothing better than finding that diamond in the rough and then flip it as long as you have the time, money and energy to see it through.

@Mindy Jensen - Wasn't there something about how "Adding more people to title" could boost the primary residence cap gains exclusion from $500K to higher number?

So I’m hoping that’s a future boost in the economy there.

Given that, we would get an immediate boost in cash flow which will also be very predictable month to month and save myself a bunch of time managing my property managers and dealing with the ups an downs of active real estate.

This strategy could help him boost retirement income while avoiding capital gains taxes, but consulting a tax professional or 1031 specialist is essential to navigate the process correctly.

Then, stabilize that operation so that it continues to grow without requiring much of your time/energy.

Think about your goals but also your time and energy budget when choosing an asset or location.