House has solar panels so PGE in non-winter runs at $30 max.My idea originally when I was single was to keep living in this property until it appreciated enough (eg 5 to 10 yrs) to sell it.However, I realized that the air ducts and soundproofing of the top part of house vs bottom part of house makes it such that it's not a great rental as the way I described.

Wrong, well two of them are in a part of dc that is rapidly declining & no one in the family wants to take care of (and he certainly cannot) and has deferred maintenance on both, the other two are beachfront and a block from the beach, one already got it by a hurricane (no damage, but did trigger a special assessment & insurance skyrocketed) the other one just being near saltwater for 70 years takes a toll on a place, the other thing that happen’s with real estate over time is appreciation eventually rapidly outpaces rent growth so these aren’t as big cash flows as you’d think, a decision is was made to keep these properties both for appreciation and of course stepped up basis (most of these properties he bought for nothing and then depreciated the hell out of) while he has great assets and it will all be fine in the ends and we are all very lucky he has the assets to cover my grandmothers care, frankly trying to figure all this when he’s 88 and everyone is stressed just isn’t ideal, he probably should have just 1031’d up certain properties that had environmental and/or let’s just say locational risk into new or very new construction in the easy to rent burbs like a decade ago, while the tax implications always make selling at tough proposition, I think at a certain point in everyone’s life especially if there are lucky enough to have kept properties for decades should transition them into these easiest assets they can find in their market (you can even put in a reit or more specifically a Delaware statutory trust) to make thing’s easier for them and their family once they are no longer capable of managing those properties themselves. 

Quote from @Steven De Lange: Hi Scott,Jumping into real estate with that multi-family property is a great start!

Lopez, le agradecería si me pudiera compartir el contacto de un contratista serio, yo también soy nueva en este negocio , ayer estuve a punto de firmar un contrato con una casa de Wholesaling que tenía un montón de banderas rojas, por suerte lo hice revisar antes de perder $7K por mi inexperiencia, no me quiero dar por vencida antes de tiempo pero si estoy buscando la mayor cantidad de información y ayuda personas como usted que ya están en este negocio , ojalá pueda ayudarme con alguna clase de información y advices ,,, gracias anticipadas  

Most people open their LLC in Delaware due to standard laws in the state.

I also have solar panels on the property with a monthly loan payment of approximately $150 a month.

Creo que necesito aprender un poco de español.

Quote from @Paul De Luca: @Philip PreskenisSo is your plan to just buy & hold because it doesn't make sense to BRRRR because it's already in good condition?  

Things like having solar panels knock the build costs out of range. 

The land is close to the TN/Lumberland, a few towns, and the Delaware River.2.