Sometimes you can structure a sale to minimize the tax hit, but it will depending on your complete tax situation.

I like to do that for my applicants because I don't want them to waste money if they aren't first in line.

MN is trying everything they can to protect tenants with the off ramp and people can throw away filing fees and waste all the time they want but it will save a lot of time to discuss this with an attorney.

But if you can find a way, set aside some of your precious time for learning painfully slow lessons, and screwing up, and don't believe anyone who tells you they have a sure-fire way for you to bypass the learning curve of this business, or that your time is too valuable to waste on failure.

Just let them do what they are going to do and try your best to minimize the damage.

Personally, I would have liked to purchase near the Boston area, but it was too expensive for me and the cash on cash returns where minimal at best.

All of these have tax consequences and you should consult your accountant about how to minimize liabilities. 

"In under 4 years it should have decent cash flow"   This statement suggests that it has minimal cash flow today. 

Our family is looking to Inheritance a large real estate portfolio what is the best way to minimize taxes for both parties?

Don't waste time with waiting for Godot again.