If you are worth 1.4 million but the time to get to that point was 20 years as you had big equity gains from properties but your job or business itself does not afford much profit cash flow annually.

But, depending on when you inherited that property you may not have much built up gain if any because the basis of the house is "stepped up" when you inherit it. 

This change alone stands to gain me $150k+ in equity due to the increase in NOI.My concern is that firing this PM may prove complicated due to his status as a tenant.

We hope to gain knowledge from like minded people on the BP forums and if possible share knowledge.  

Last option is to sell if you can avoid cap gains or 1031.

I hope other experienced investors can point us to single sources, but suspect the tools and knowledge is gained from many angles (books, podcasts, seminars, mentors, etc.) and experiences (successes and failures). 

I lived in the rental for three of the past five years, so I should be able to take advantage of that $250k tax break on capital gains, which should be plenty to cover my equity gains.

Because I believe the cash flow this building will kickoff will feed me for a lifetime.And...30% in capital gains as tax and a $6000 prepayment penalty did not excite me.1031 exchange may of worked, but, it sure is tough to locate a replacement property that would suffice.Thoughts?

Additionally, only my aunt's third appears to benefit from the 250k capital gains exemption.The house has appreciated approximately 300k in the last 16 years. 

I'm self managing the SFR for now to gain first-hand experience.