Better yet and probably and easier sell.. is to have the seller wrap their own first and let them make some delta..

I'm a real estate agent in New Hampshire and my brokerage sells a lot of land.

She wants to give me her house and move into a senior citizen home@Dana N Johns: Just a couple of thoughtsTalk to a real estate knowledgeable, CPA, not to your standard CPA and not to unknown investors on some forum in the ether for a matter like this.Now, if your mother has lived in the property for two of the last five years, she is entitled to a tax break on capital gains if she sells or if the title changes hands (basically sells using creative finance).However, if you inherit the property, there is a tax advantage to you in terms of stepped up basis and capital gains and a tax advantage to her from incurring capital gains if she is outside of the “two of the last five years” window.As far as the Medicaid situation, that is best explained by a CPA or tax attorney or Enrolled agent.

Or simply sell both props and put it into S&P500? 

I'd like to sell it and purchase a built property and have that be the rental property.

If you are living in the home, you can do then renos over time.I would want to keep it for as long as possible, but if the property is causing us to extend ourselves, at least five years before selling. 

Let's assume the unwanted property is valued at 100,000k and I sell for 100,000k to be allocated on the partial release.

If he is a drug dealer you will have random people stopping by.

This may affect value or time required to sell.7) Adding an ADU does not make the property a duplex.

The advantage of flat rates instead of increases is the tenant becomes used to it, if they leave early you’ve actually collected higher rents, and you have an easy sell for rent increases when you “haven’t increased rent in 3 years.”