But the previous owner only collected cash so we didn’t have an income to draw off of for appraisal.

It didn't feel right to take the income so I am giving it all to him.

We currently have 3 mortgages but the 2 pay for themselves with rents and have been rented for over 2 years so we are able to use that income to offset those.

If ordinary income, in NC that will be a tax rate of about 43% between federal and state taxes.

The growing list of issues include multiple poor quality tenants damaging properties and breaking leases with no recourse, and non-existent communication/accountability from property management to the point where I have zero faith in their personnel correcting the issues I'm experiencing. 

Owning a rental property in Orlando is an excellent way to earn passive income and build wealth.

If you want to shower me w/advice on my specific scenario:2x Duplexes4% Mortgage Rates / Very small loansMixture of LTR/MTR/STRActive Income (not very passive)Net Income around $24,000 in totality (however my books are a mess and am currently working with someone to CLEAN THEM UP so I can get a clearer picture)Would you a) hold; b) sell and open a franchise or other business venture ?

He said it had take a lot of time lining up his “team” - an attorney for each of the 10 states he was going to invest in, accountant, real estate agents for each of 10 states, title companies for each state, and insurance agents.  

Here are some tips for networking and making the most of your account. 1) I'd fill out your profile fully before you do anything else!

The dilemma i have is that I can’t decide if it makes more sense to embrace the c class identity this property gives the impression of, or put a lot more into the renovation, get better quality tenants and convert it to the B class property that the building (and the area) should/could be. 90% occupied, the yearly rental income is around 600k with 420k NOI.