My parents helped me buy this property back in 2021 because they wanted to see me benefit from some of my inheritance money and this is what we agreed on.

One of the biggest problems with inherited tenants (besides being way under market) is that often they either don't have a lease or it wasn't enforced.

The city has really cracked down on permitting and so I inherited a lot of problems. this is some thing I’ve been dealing with for the past nine months.

When you die they inherit and stepped up. 

anyway....I have a property that is filthy (I bought this property as a packaged deal with another property from a tired landlord, I inherited these tenants) The lease is month to month but only the 2 older ladies were on the lease. 

Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.2.

You can have a lot of social security, rental income, interest, dividends, etcI am not to say your income will be higher when you retire or that tax rates will be much higher, I am just here to say the only difference is 10% and not 30%.To add on all of this - If you keep your assets in a retirement account, your distribution will be taxed at marginal tax rates(Currently tax rates are between 10% and 37% + state taxes)If you invest personally in your own name, you have the opportunity to escape tax on any appreciation if you have heirs that inherit the property.Even if you decide to sell the property, you are paying taxes at the preferred capital gains tax rate(Currently at 0%, 15% or 20% + State taxes + Potentially NIIT)That difference alone pays for the 10% penalty.

I have a unique situation where a long time family friend inherited a single family house in Jersey City from her deceased mother.  

I have a lot in a neighborhood with no HOA that I inherited so I didn't pay for it and I'm getting offers from a builder in the neighborhood for around $35k.

I inherited three single-family homes and have been educating myself on the various details of real estate investing and will be active here on Bigger Pockets (as well as reading the book...) so once again hello and nice to be here.