Here are a couple things to look at more carefully when looking at a property that appears to cash-flow well:1.

The tenants pay on time and are family members so they’re in there for a long time however, I don’t think they take good care of the home and fear that $hit is going to hit the fan and is going to cost me a year or two worth of all that net income and headaches.

I would contact a mold restoration company and get it taken care of.

Thinking about making a 60% profit in 3 years might seem exciting, but it's important to be careful with real estate.

We are renting the property now and I know we have to meet the 1031 guidelines to do the exchange.The motivation for the sale is he needs care right now and I would like to have a larger more functional house available for him to be cared for.Maybe there is another method to minimize capital gains taxes that make it easier to sell and keep the property 19 tax base ?

I understand Act 60 is a driving force of pricing and demand but its seems like the market is at a tipping point of saturation. 

Also, Dad's 97 and I currently take care of him at Home.

Anyone who has gone through a successful ground up multifamily development please reach out, i would love to pick your brain on the process  Having just gone through a building project in the last few years in Whatcom County it is hard for me to adequately explain how difficult the County makes any kind of development.The cost for permitting and all the associated consultants for a project of any size will be quite significant and need to be budgeted for carefully with plenty of contingencies in my opinion.The strategy the county planning department uses is to make every effort to run up your costs and delays as much as possible in the hope you will give up and go away so development doesn't happen.  

If you don't care about protecting your asset that is your own risk assessment decision.

I just wish I would have looked into BBB and other review boards such as pissedconsumer.com before wiring money.BE CAREFUL one and all