@Pat Aboukhaled wife & I have thought this would be a great use of failing malls for affordable housing.Unfortunately, as @Greg Scott points out, many people take the path of least resistance, which can ruin the idea.So, you'd want security cameras and maybe even security guards to hold residents accountable. 

I'm trying to decide what the best path would be with the $110,000 that I pull out.  

My friend ran into some unexpected zoning issues when he started adding RV spots, which set him back a few months.Since this is your first STR venture, it might be helpful to connect with others who've walked this path.

But everyone that makes a commitment, and truly utilizes the community, will get accelerate their multifamily journey and begin the path to financial freedom.

I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains  tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.

No I haven't gone down some of those paths yet.

I also have separate banks so that's confirmation that I'm on the right path. 5.

It’s great to see you diving into real estate, and it sounds like you’re on an exciting path.

I'm not sure if this plan sounds crazy but my wife is on board and I think it's probably a good path to getting us where we want to be.

I've developed a strong interest in real estate and am eager to learn more about how I can leverage this field to potentially shorten my path to retirement.