Quote from @John Warren: @Mordechai Chaimovitz cap rates and NOI are commercial real estate terms, and 1-4 units are not really valued in the same way.

@Lauren Ruppert Yes, an LLC can sell a property to your child’s LLC, ideally at fair market value (FMV) to avoid gift tax complications.

That would be your house on the property line.

The vast majority of properties at their available prices will not meet this requirement.  

Why hasn't your property manager already answered this question?

The key is to identify personal property from real property.

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.

It is definitely a bit more tricky on an investment property, but it can for sure be done.What area of Chicago is the property in?

The tenant wants to stay another 2 years.My other adult properties have often had long-term tenants.