@Serge Hounkponou Recommend you first figure out the property Class you want to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

Also, the property itself is also worth 1.4-2.03 million as is with no house built on it.

I personally make well over $100k/yr cash flow from 21 buy-and-hold properties here.

I've just purchased my first property, and I have a question for Ohio state long term rental properties.

Exchange now at 500k over basis into income property with lease back and put option for 300k more. 

I would reinvest in a another property and use a 1031 exchange to detour taxes.   

I relied on a property manager who ended up really messing me up.

It is interesting to see some properties go years and years without a foreclosure process. 

You generally have to leave 25% equity in an investment property.