A heck more than if I'd left it in the stock market.Like the CC technique, this technique must be well planned ; if you are late returning the "loan" the IRS will be taking a lot of money from you.Enjoy the weekend.

Congrats and good advice above Jorge, and as a brand new landlord, take a look at IRS form schedule e for some basics categories of deductions....I often tell people if you do your own taxes and have itemized and handled some more complicated worksheets, deductions, and credits, then you may be able to go diy on taxes for a couple of rentals with some good resources..but if you have not done taxes or just simple 1040 ez stuff, I would use a cpa with some real estate background in helping  small, residential landlords..best of luck

Go through the house, determine what materials are required, price them at a typical home depot and or lowes etc. research online what you may need to do anything.

I put together a spreadsheet here to help potential house hackers quickly analyze whether or not a property qualifies.There are other FHA requirements concerning which you should contact your local lender, but determining whether or not a triplex or fourplex meets the self-sufficiency rule is a good place to start as this rule will immediately eliminate many properties from your search, especially in expensive markets.

You will likely need to have the property appraised to determine the gift value for tax purposes.  

It's basically the way the IRS tracks how much of your lifetime exclusion you have left (currently $5.43MM).

I think you should determine what you need done, write a scope of your work so that it is very clear what you expect and the cost of material needed to get that job done.

These are questions you need to answer to determine what is best for you.

I provide a complete acquisition and management service, covering the following.Pre-purchase inspections to determine repair/upgrades needed.Coordinating renovations and preventative maintenance.Tenant screening, writing leases, rent collection.Payment processing to vendors for repairs & routine property maintenance such as air conditioning, pest control and lawn care.  

Second there are many threads on BP with what people would do if they had x amount of $$.Before you can decide what direction you wish to go, you need to determine your goals.