At best he is a tolerable subhuman who has learned to wear shoes, bathe, and not make messes in the house.-- Lazarus Long (aka Robert Heinlein)

If I were in his shoes my next step with my 600+ properties would be figuring out how to sell them quickly.

So, I'm sure at one point or another you have been in my shoes.

If I was in your shoes, I would first establish any bank financing that I would be needing.

Horse-feathers as my grandfather would say.Skimming over the aspects of finding a note, negotiating a price, getting agreements and assignments signed, calling the borrower and introducing yourself is not an education, it's an enlightenment to the process.Now, hopefully everyone knows why I seem so negative when someone that has no finance knowledge, very little real estate knowledge and a lack of business experience posts to say they want to get into the note business and begin next month after some crash course.If someone is a technician in some field or a business operator, perhaps an airline pilot or a computer engineer, there is no way I could step into their shoes in a month or probably a year and do what they do.

One is buy the son's interest in the estate and step into his shoes as beneficiary.

I still wouldn't sell and give up the monthly cashflow if I were in your shoes, but obviously others have different opinions.

But get some golf shoes with spikes on the soles, and you can walk on that wet paint without causing much harm.

If they are in it together and other might be in your shoes you might have a case.

So my question is, if you were in the same shoes would you attempt to sell the house at the end of 2008 to avoid paying capital gains tax or would you keep renting.