$30-50 per bedroom is a decent rule of thumb. 

It is funny how life is.

Is there a way to get the 80% of the appraised value out?

Nathan Seltzer This is a cool idea, I'm interested in something like this as well.

You can do both simultaneously, but the former is much more challenging than the latter. 

That side of my portfolio is most definitely a business and not passive at all.While the note investing world is a small niche, within that world is a wide range of different investment types.

In this case, correct, 1031 exchange is not available. 1031 exchange is property for property, and an interest in a partnership normally is not (with a few rare exceptions, so you may want someone knowledgeable to give you a second opinion for your particular situation, which requires reading your inheritance documents.)Whether or not you have any mitigation strategies totally depends on your specific situation and requires a one-on-one. 

Is all of the other stuff phony?

My goal is to create financial security for retirement.

This is a great community to ask questions, vet players and meet great folks!