We have a lot of money tied up in the unit and would like to find a rental unit the we would consider living in at some point with a house hack option/ADU and or a home that has a better long term appreciation potential. 

Most of our housing stock is 60 to 120 years old and requires a lot of capex, especially the bottom of the barrel properties are typically fools gold, because capex will exceed cash flow over a few years.

You also might want to consider using the general asset account (GAA) as a strategy to possibly continue depreciating the property before demolishing and rebuilding.Obviously, once you convert the investment property into a personal residence, you lose out on any further deductions from a P&L standpoint.Feel free to DM me if you have any further questions.

From what I've read and watched - what it seems like in this case is you would assign the deal and not be involved...again I'm speculating since I haven't done it myself but I am trying to learn too.Where I think you would probably want to be is having the transaction go into a performance deed where the buyer has to continue to make payments.

Then packaged a few such properties together, went to a bank and refinanced them out and then tried to find a new property to put those private lenders on.Admittedly, we usually left some of our own money in the properties (our average all in price is about 82% of the ARV) but we had some money to work with which not everyone does (why I recommend house hacking to start for most).

It’s the business housed inside the building that makes the money.

Then you get a call from Pro Seniors or Housing Opportunities Made Equal.

., and there is continuous population and job growth!

It will likely be more rent growth and property appreciation over time.When I sold my starter house here in Canton next to Woodstock it sold for all cash in 3 days.

Almost anyone that owned a house in Southern California for more than 10 years is likely accredited (but they may need to move money around).