I'd look into the capital gains tax implications if you sell it now vs holding on to it.

I’ve gained access to the basement and didn’t detect any foundation issues.

I'd recommend if your goal is to gain cash flow faster in order to free up your time, then BRRRing a property would be the best option.

Therefore many people what they do to get around this is partner up with an experience investor to help them get better terms on the hard money and that also helps you gain experience that you can use for when you go solo.

Even then, if you've built up enough carry-forward losses, a nice capital gain may not trigger any taxes to be paid. 

From this CT information, it looks like it is an offset against your capital gains from other property, so you would have to find investors with significant capital gains and/or have them yourself. 

I believe you were right he would inherit your cost basis, so he would owe capital gains.

(If curious, my residential real estate investor clients from 10 years ago [you can find my 10 year old bigger pockets dot com posts :], at the time buying up 2-4 unit properties, a lot of them are now done with the 'human' tenants and want to 1031 into something that is ACTUALLY passive, so yes Starbucks comes up, thus I watch it).In my case I zoomed all the way into a specific brand (which then allows me to make very sweeping generalizations across an entire state -- but still not the entire country), I'm not suggesting you do that, but SOME of the variables need to be narrowed down, before you can gain any useful insights. 

There are three items required to make a successful partnership - Time, Experience, Capital.If you are a syndicator, you are likely expected to have time and experience.There is a lot that goes into being a competent syndicator - Proper communications, finding a good deal, communicating quarterly updates, networking with lenders, contractors, PM companies.You can gain experience by doing your own deals or working for someone who does(Ideally both).I personally think you should cement your experience before worrying about OPM.Best of luck

Selling an investment property can result in significant capital gains taxes.