Depending on cost and effort to do this, it may present an opportunity in San Jose.  

The K1 could show you have ordinary income, deductions, capital gains etc depending on what the investment opportunity was and how they managed and exited the investment vehicle.

Plus, insurance premiums are expected to decrease, and there are cool opportunities in Tampa for ADUs and tiny homes.

It is only fair that you pay them something in a situation like this and you need to consider what this is costing them not only in hard costs but in the inconvenience and lost opportunity.

The best money making opportunities in Florida are with the ground up. 

However, I have a few concerns:Pros:Living condition: 1400 sqft → 1700 sqft with some boutique featuresThe rental market seems good in this area.Another property is added to my existing real estate portfolio, which currently includes two other properties.Cons:Interest rate: 7% - No guarantee of decreasing the rate, which means there might be no opportunity for refinancing in the future.The current home is too new to be rented out.People often say not to buy property in Chicago due to high taxes and low appreciation.There’s no necessity of moving since I have a decent primary home.Any professional advice would be helpful. 

If they are moving out of state - do they already have jobs lined up?

Expanding your portfolio into the Clayton, NC area could be a great opportunity, especially considering its recent growth and development.

Personally as someone living in Old City the many developments along Christopher Columbus Blvd, and the capping project along I-95 near present great opportunities in the future for new shops and restaurants.What are your thoughts!

Before it was a job where as now I am focused on passive income.Excited to learn and connect with you all!