Quote from @Penny Wilkinson: How are appraisers approaching value on multi-family when there are extremely limited comps available?

It's a big reason to think about estate planning, trusts, or just selling the house on your own. 

Well, we are getting into the cold months and without going into too much detail, it's become extremely scary to talk with them and try and amicably handle requests.

Please consult your trusted professional in getting accurate information as it relates to the estate.This site has 1031 intermediaries that have far more expertise than I have about 1031 but 1) you cannot 1031 a pure OO property.  

If you have someone in MN you trust to manage the place that is one thing, if you don't it kind of answers the question (not that you couldn't find one).Renting out homes which you are emotional attached to can be quite difficult when tenants trash them (which will eventually happen).Best wishes

If you trust your friend as a tenant, renting at $2,000 now and increasing to $2,100 next year is reasonable.

Hi @Charlie Green, I am extremely interested in hearing more about this strategy.

Ultimately, it’s about trusting your gut and assessing each situation individually.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

The deal can make sense even if it doesn't meet some arbitrary "rule"  Thanks for the insight, everything you guys are saying has been extremely helpful.