Either way works, and I wouldn't say taking huge risk but taking calculated risks with small or big steps.

quick update , yes Bill the red cross came in with a debit card for food and family stepped up to find housing temporarily.Repairs look to be about 25kwill take 4 weeksinsurance company not out there yetsec 8 inspected will most likely give a move voucher to tenant but I would like to keep her in the property if possible.Insurance is for 25k so lets see how that plays out.

I don't even know the first steps to take to begin.

I built a custom special needs residence that has no steps, either inside or outside, wider door opening, extremely low pile carpet, no cabinets below kitchen and bath sinks, wider halls, more exits, and a large shower with no lip.no curb between the floor and the shower.

They charge $40/mo for 1-25 units and we just stepped up to 26 occupied units so we're at $75/mo for 26-50.

While they could probably buy properties for a charitable cause let'sgive them a break on getting that involved and ask that they simply guarantee the required financing with operating agreements allowing them to step in and dispose or or assume any property in the event of default.

Based on what I read on these forums, my initial steps are as follows. 1.

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.