If investing $50k in purchasing and renting another property, you would probably only be looking at $500-600 net cash flow or $6-7k/year with more headaches than renting your condo.I think that renting the condo is the more profitable solution.

One potential solution if you own in your own name is to complete your exchange by purchasing in your name and then contributing the property to an entity.  

What's the difference between a termite bond vs treatment?

In loose markets that solution is usually simply, "I have money and you need it.

Until now we've been using a pretty unwieldy home-baked Google Sheet to track our expenses, but are looking for a more elegant solution.

You can check out "The 16% Solution" by Joel Moskowitz for a more in depth description of the process and how it differs from state to state.

Be willing to work with the buyer to find a solution that benefits both parties.By being prepared and open to negotiation, you can navigate the repair process smoothly and increase your chances of closing the deal successfully.10.

.- Install window treatments.- Complete city-required fixes (if necessary) - Apply for rental license.- City rental license inspection.- Complete rental license required fixes (if necessary).Leasing:- Create rental policies document, and application document- Create Lease document- Take pictures- Place ads on craigslist and on Zillow- Book showings- Take applications- Screen applicants- Select applicant- sign leases, take deposit- Move-in walk through checklist- Take the family out for diner to celebrate!

I see branding Albany as a "tech" city, beyond just a bureaucratic government jungle, as the most realistic solution to this.Investing is a risk-reward game.

But the treatment to the heirs is still no different.