I am currently doing a 4 story renovation with apartments on upper floors and commercial on ground level, and weighing out the option of an elevator. 

Many modern options (none of them perfect, most adequate) that charge much less than that. 

The options we're considering are either a multi-family unit in the city or a short term rental property in the city or up to 2 hours drive from Sewickley.However, we're in need of professional guidance to help us make the best choice for our family and investment goals.If you were in our shoes, what would you do next? 

And it doesn't impact the rest of your exchange.Another option would be to purchase the replacement property using all the cash. 

I think Columbus, Ohio, is a great option to consider.

From a tenant's perspective, they could be looking for stability (the optimistic option) or a deal (the pessimistic option).

Hi Chrissy, there a ton of options for you.

That's probably the best option.

Is my easiest and best option to create an llc in Nevada?

This guideline has shifted over the years as property values and interest rates have increased, but the guideline should be a good initial indicator if a property will or will not cash flow.If you are looking for more information about the 1% rule or alternative analysis metrics commonly used in real estate, go check out 1% Rule In Real Estate: What It Is And How It Works!