That gives you the option to enjoy the results f your investments, and if you like to use the proceeds you can keep investing for however long you love to grow your portfolio.Noelle, with your sum you could do 5 residential properties in one of the projects I am investing in myself and generate continuous good cash flow and equity gains.Happy to discuss.

So I suggest you talk to a real estate agent in the area to discuss the best way to proceed on a sale. 

If they own one and they can't make the payments, they can probably sell their house with some proceeds to avoid foreclosure, but now have to rent at higher cost.

If you want to defer all tax you need to purchase at least as much as your net sales price and use all of the cash proceeds in the next purchase or purchases. 

Would be interested in switching to Plaid property management but not sure how to proceed.

Sell one property and use the proceeds to roll into buying two more rental proeprties.

I think the answer laid out above in 1a can provide a basis for you to make a determination as to how to proceed. 

It gets complicated when it is family but I don’t know what those complications are and how best to proceed.

I strongly recommend that you not proceed in that manner if you're talking about tenants. 

I know in Texas, if you take a partial payment of rent, you will be delayed in eviction proceedings.