Insitutional demand in Charlotte made it red hot last year, and there are some large tech companies entering the Raleigh area.

The new home I want to buy must therefore be insured by another company. 

Now continue the education. 

Appraisers continually mess up these appraisals. 

I agree with you that the future is very bright for the westside and i believe you all will be very happy if you continue to hold long-term.

Deeds to burial sites, certain transfers of ownership in real estate companies and farms and property passed by testate or intestate succession are also exempt from the tax)There should be no taxable event unless a sale occurs or when your dad passes.At that point, you should receive the property at the stepped up basis as the life estate is null due to the death.This is tricky - it will depend on how the deed is held.You should check with the attorney who made the initial change and check with your CPA once you find the answers from said attorney.

I can't speak to the financing side of this question.... but as a GC I would tell you to reach out to reputable GC's/construction companies in your area for a rough estimate of what it would cost to build a 4 plex.

I clearly do not want to continue that for a variety of reasons.

Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.

After years of using a property management company, I'm looking to self manage two 4 bedroom/2 bath student housing condos I own in a college town.