If your focus is on minimizing risk and ensuring consistent cash flow, your current strategy works.

And at what nominal price compared to the $24mil they paid in 2019? 

Based on comparable listings recently sold I think closer to $650k there would be more interest.  

Focusing on what you can control, like consistent effort, really sets the foundation for success.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

You need to work with a lender that will utilize STR 1007 Data and/or AirDNA Income on a REFI.Tough deal but we do this consistently.

These areas tend to attract high-quality tenants and provide consistent passive income, which is a great foundation for building your portfolio.If you’d like, I’d be happy to share some insights about these types of markets and why they’re appealing to investors.

There are a lot of good meetups for real estate investors in the area that would be good to grow your network and learn from others that are and have been in your shoes as a new investor, message me and I can share on some specific monthly meetups.Also sharing some multifamily data, this is Boston proper so it has an interesting trend compared to the rest of Massachusetts.

A carryover basis would be a huge downside though compared to a basis step-up if held by parents until death. 

Also, just compare your listing with the competitor listings.