.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.

We like having a full handle on all scenarios. #1 we aim to buy and hold forever. #2 we like the future potential for 1031. #3 would be selling the property and taking the tax hit.

I self manage our rentals (we had been using Empire but I want happy with their services) and use Cozy to run background/credit along with all the paperwork.

Were all of the renovations you did in the past permitted correctly or DIY?

Note: All units are leased out currently and the total rent is currently equal to the interest payment we’re making so we’re at a break even but obviously can’t do this forever.

Since you lived there more than 2 years in the past 5 most, if not all, of your capital gains should be tax free.  

I wish you all the best!

I wanted to get a breakdown of all of the costs associated with using them to fund the majority (90% LTC, 100% rehab) of this deal.

However, they did not have conviction in the sales price we wanted, nor confidence in the comps that they pulled.Realtor #2: 3% sales fee - did not get along with this realtor at all.

I like the new build plan you are doing if you can do it in a new market, but getting all of the connections in markets where you currently know no one will take some time and you will have to kiss some frogs who are just trying to sell you on something, but I think you have the experience to know which is which.