It’s 200 bucks it’s not an amount of cash I’ll even notice when it leaves my account, and if all I get from it is some peace of mind it’s probably worth it. 

I know in Charleston SC were i built quite few homes downtown its highly regulated as it should be and if your zoned and permitted then the price reflects it on the purchase side they are sold as income props. 

If unclaimed after a certain amount of time, I can auction the storage unit off, apply the funds to the deceased person's account, and then turn the rest over to the state as unclaimed.There's much more to this.

NC general statute states the following:- when this refers to a "trust account," does this indicate an actual trust or a checking/savings account labeled as a trust or escrow account? 

The sites mentioned above have calculators to estimate the potential income.

Also to my knowledge, all my income outside of sponsored job has to be passive income.

He's not an accredited investor so he can't deduct losses on personal income. 

My question is would it be best to sell all 3 single family homes, place funds in a escrow account to 1031 exchange and then invest in a 10 or more multifamily property?

However, I think, with REPS, we can deduct the expenses and depreciation against his W-2/K1 income which make the overall picture look appealing.

Couple, he's a post-doc (low income, but verified 6 mos rent in savings).