I'm going to assume that their lease is either up or month-to-month and you have the legal right to raise rent now.I'd let the tenant know that they don't need to pay the increased rent and are free to move out.

I'd love to connect, ask questions, and hear recommendations of areas to invest in and professionals to work with.Please feel free to send a DM.Thanks and God Bless!

I don't know the cost of things in your area but you would get the proceeds of the sale tax free from federal income tax from the primary residence exclusion.

Much of your “income” will come from appreciation, cash flow won’t make you free.

Fell free to message me with any questions!

If you can't and have to hire a PM, I recommend you get some kind of "guarantee" from them that they will replace the tenant for free under certain conditions.

If I understand your situation correctly, you could structure a Tenancy In Common (TIC) deal where each of the separate LLCs owns an undivided interest in the replacement property, as tenants in common.These deals need to be structured properly and you need to have an attorney familiar with 1031 exchanges involved to make sure it's done properly.Also, if there is a lender involved, that can complicate the matter as well.It's definitely doable, if you have the right professional help while you're doing it.Feel free to write if you have any questions about this.

If you have any other questions, feel free to DM me! 

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