You could potentially put 4 of the 5 into a portfolio, but the one you are estimating to be worth $39k would be left out.

Given your situation, here are some considerations and potential steps:If you plan to convert your current residence into a single-family rental (SFR), you may want to explore refinancing options.

Located in a prime area of Clearwater, FL, the house next to it is valued at $615k, suggesting significant upside potential.

This is a long term investment for me, so I am not concerned with short term, potential market fluctuations as all RE goes up over time.

Hey Christopher, I'd say kipping thorough research on the property, local market and potential tenants.

For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.

Yes, insurance is involved and damage is being assessed. 

Or where the funds to purchase come from (except that they need to use all of their 1031 proceeds in the purchase).The only time there will be a potential issue is if the daughter goes on the deed. 

**A tip when interviewing a potential buyer's agent, ask the agent about the conditions for commission compensation when the seller is not offering full commission percentage to the buyer's agent.

You would get, potentially, the left overs.3.