Only the PMC is continuously connected with you until you sell the property.

Quote from @Mordecai Ese: I’m 28 and debating whether to withdraw $60K from my Roth 401(k) to help fund a new rental property.

Try to make a goal of buying 1-2 properties each year.

Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

I personally make well over $100k/yr cash flow from 21 buy-and-hold properties here.

Also, the property itself is also worth 1.4-2.03 million as is with no house built on it.

Exchange now at 500k over basis into income property with lease back and put option for 300k more. 

I've just purchased my first property, and I have a question for Ohio state long term rental properties.

Definitely something I will keep in mind for my first property. 

I relied on a property manager who ended up really messing me up.