I hope this is a help and if you need any help with financing options feel free to DM me.

Consulting with an attorney may also be helpful.

Hope that helps—happy to chat if you ever wanna bounce ideas!

I just helped someone to buy his first multifamily in Kingston.I'm licensed in NYC and Ulster The area is hot, I get great deals daily, and the price/rent ratio is good.

Working with @Benjamin Carver or another good agent to help find and close on a deal will be the key. 

Get out and meet some other investors at meetups and that will help you curate what some of those ideas would be like in real life, with the input of others who have done it.

That could help manage tax liabilities while keeping the property in the family.

Thank you in advance for any help,Johanna  Hi Jeff, Im considering them to do some PM'ing.

But here are ways to reduce capital gains taxes:Deduct expenses (renovation, selling costs) in 2024 to offset gains.Hold for 1+ year to qualify for lower long-term capital gains tax rates.Invest in a Qualified Opportunity Fund (QOF) to defer taxes.Use tax-loss harvesting to offset gains with investment losses.Pushing 2024 deductions to 2025 won’t help much with 2024 capital gains.

Thanks in advance for your help!