Once you are out of the bad deal, you can take the cash you do get out of it, and invest in a property that will make money...meaning, you will recover the temporary losses you have now, and start making a profit again.Staying with a bad hand, and continuously "betting on it", will get you out of the game fast. 

I am a financial advisor in Pittsburgh and work with a hand full of elder care attorneys regularly.

Matt  at Transfer Properties in Manayunk can handle this. mhe at transfer.properties

On the other hand I have researched USDA loan option here In NC which would allow us to make our first investment (live in flip) by the beginning on 2019 with just my income.

I am not a tax professional but I believe the tax basis automatically gets adjusted upon a transfer due to death when the property is transferred from a parent to a child. 

Managing my own properties and building systems/processes to become the best hands on property manager will help me jump into creating my management company to where I'll be able to offer the same quality service to other investors who don't want that responsibility. 

If you're doing all of the accounting and recordkeeping for the properties and giving the CPA good Income and Expense records, this level of fee is pretty high, in my opinion.I might charge something like that only if you were handing me a shoebox, 20 bank accounts statements for the year and incredibly messy recordkeeping.

@Christina L.In Pennsylvania, transferring the property in your scenario will mostly likely trigger full realty transfer taxes.

I am an out of state investor and have bought a handful of wholesale properties in Columbus this year so might be interested if it fits with my portfolio. 

Todd, a subject too is a sleight of hand transaction behind the back of the bank.