If you have other money to grow your portfolio even with $107K left in the property then  hold the property. 

I spent many years managing myself and personally collecting rent checks. 

The funds can be used to pay for memberships, networking events, and one on one personal meetings over lunch or such.

I don't know if this is for you, but my husband and I have mentored quite a few investors in Canada and helped them purchase their own multifamily. 

We've worked with local banks and been able to finance the three we own without any issues.I don't necessarily know if it's "beginner" investor friendly but you'll learn everything you need in the bootcamp which is the gold standardWe get loans with 3-7 year balloons and 25 year amortization typically

Location of property How did you find this deal and how did you negotiate it?

The city is growing and the economy is strong so property values are on the rise.

For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.

When we bought our first home I KNEW it was a good deal and we jumped on it. 

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