It's been family owned for 60 years. 

Quote from @Eric Brewer: Hi all,My wife and I have two out of state duplexes (LTR’s) and an STR ( local that we manage ).

Hi Everyone,Wanted to know the best way to do this real estate transfer/deal.My wife's parents own a rental property free and clear in an LLC.

I'm currently a Superhost on Airbnb managing my own property long distance (in Dominican Republic).

Here are a few options you might consider:Home Equity Loan or HELOC: If you own another property with sufficient equity, you might be able to take out a home equity loan or a home equity line of credit (HELOC) to cover the $140K.

thats out of state.in state i look at lots each week. have not bought one in 3 years or so..

I have designed, built, and own (very) small scale (500kW) solar farms and in my world, I learned to always look for the word 'exemption' to make sure I'm not wandering in territory that will cripple me financially. 

Liam,If you do not own a primary home buy a multifamily since you only need 3.5% down.

It was an out of state investor that wanted the property to list as an Air BnB.

I have owned rental properties for years, but am new to managing them myself.