Not only that he gets stepped up basis and sell with no tax  double check that with accountant but I think that is correct.. then take the cash put it in 5% gov bonds for now then get up to speed and see what you really want to do. 

He is also a frequent poster here on bigger pockets, especially in the note investing sectionHe happens to also share the same name as me - how ironic.

As far as property managers and realtors go in Rochester, I haven't done any business down there but if you look on BP next to the "Build Your Investing Team" section, you should be able to find some folks in the area. 

@Emory Clayton what other potential renters do you have and what size is the house. 

I'm the co-host of the Edmonton InvestHER chapter, and love supporting other women in real estate, so let me know if I can help. 

I am new to the real estate world.

@Jordan LeePM me if your still interesting in chatting. 

Listen to an old episode of the BP main podcast with Dion McNeely.

Welcome to Bigger Pockets.

What is the structure set up?