I look forward to remodeling while living in the duplex with the help of my mom and dads prior knowledge of contracting) I joined bigger pockets to gain knowledge and understanding of what I am getting myself into.

If they sell now they pay capital gains on the sale, their heirs may pay capital gains only on step up value when they inherit.  

We have discussed liquidating but capital gains tax would hit us hard here so we'd prefer to hold.

If this has been his primary residence for the past 2 years then he can take the capital gains exemption without the complication and cost of the 1031 Exchange. 

I am looking forward to the knowledge I will gain through the individuals and information on this website. 

What worries me is that if I were to sell today for market value, the profit would be considered the difference between my new cost basis (which is now a decent bit lower than actual payoff) and sales price and I could very well end up paying money to sell, even when at first glance, there appears to be a gain. 

With a great team, we can limit your spending costs together and help gain financial and/or rehab success.

I'm looking at selling my personal residence at the two year mark so I won't have capital gains.

However, even if the general area population is stable, specific sub-areas could be losing or gaining population.

Pretty basic question: what is the best way to model appreciation gains in a long-term multifamily analysis if multifamily values are based on NOI and cap rate?