Looking up the taxes due we found that the taxes were paid by a third party, not the owner. 

If you have two concerns just think of the reviews you might receive about those two things that you can’t change. 

Then two towns up I have a 4 plex and the water bill runs about $1600 for the year for 4 units on meters.

I am planning on turning the house above into 2 rentals now and pulling out the $100k (refi or heloc) to put down in addition to the amount we saved over the year or two on the new house.

We bought a two-unit in the union street historic district (city) and are just finishing up the final touches on the bottom unit, will be ST renting that one while I begin renovations on the upper unit that will be MT rental.

On the management side easily I get exponential quality and have been able to move my management into a proactive phase rather than reactive (I ran around like a chicken with my head cut off my first two years in real estate!)

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.

My two cents for what it's worth.

And at the end of the day, buying now with the plan to refinance and tap into natural and or forced equity in a few years is almost always a solid move.Those are my two cents on the market if you're on the fence.

The property has two leases to business and the upstairs is a short-term rental on AirBnb.I have $250K in equity and owe $100K.