Your heirs can get a step up in basis though with the way things are going there is some likelihood that you might have estate taxes to consider.Seems to me you still need to do the math to figure out what best meets your goals and produces the highest return.

Let your heirs inherit the property at the stepped up basis on the date of your death.

You'll need a PM anyway, so this is the first step to picking one.

So were not trying to go around the agents, or step on toes.

Next month, I start a 3-month internship with KPMG, and then I start full-time or leave for something else depending on my real estate opportunities.My long-term goal is to manage several commercial real estate assets.I look forward to any personal stories of success, steps you have done differently, advice, or career prospects.Thank you.

Then, in Jan 2012 it was sold on the courthouse steps to wells fargo for 168K.

Small steps for me will keep me happy.

Good opportunity; Might fine tune this, looks like it would be 4 years of rent if that's the case.Why not do an annual lease with an automatic renewal that makes it likely that the next year will kick in and continue unless you both agree to terminate (but he could terminate following certain steps).You sign a note, you write him a monthly check, he endorses it back to you for rents or exchange checks.

It's just as tough at the courthouse steps these days too.

Do you know what you're doing, have knowledge of RE or are you following a step by step program?