Practically speaking,  these are 2 separate and distinct actions that most likely have to be undertaken.Much successBob 

If you are simply renting rooms in the main living residence and have not separated them as investment only then same thing.If you have separated out part of your house as investment only then that portion could be used in a 1031 exchange to buy other investment property. 

I have two separate additional liability policies attached to the properties.

I've got a home that has an unused 2 car garage with separate entrance that I'm looking to lease out.

I keep a separate bank account for each property and have attempted to use quikbooks but have not found that to be very user friendly.  

Relying on emotions for decision-making rarely make a profitable business in real estate.With that being said, if you value kindness and are ok with making the world a better place by potentially losing some profits, then that too is dependent on your goals!

.,).Usually at most the PR that whom you contact, may be motivated to sell..No matter how much time has passed during the administration process the emotions for the family are still raw..Good luck...  

I think the original wording was ambiguous but what I meant to say was that the transaction costs were around ten thousand dollars separately from the downpayment 

I use LLCs for all my LTRs, and have a separate LLC that does the management for those properties, to separate out as much as I can for asset protection. 

Looking to see if anyone has had any luck finding financing for an established assisted living facility (real property w/ separate partnership with operator to run day to day).