I have always been of the mind that knowledge is power so I try to absorb as much of it from as many different sources as possible, and since experience is the best teacher those of you who have been in this field already have likely seen many potential issues I may come across.I look forward to connecting, chatting, and possibly meeting some of you. 

Being licensed gives you the all powerful MLS and brings accoutability/credibility with it. 

I'd hit it with a power washer and , paint the rest of the ouse in a complimentary color.

"The 48 Laws of Power" Robert GreeneI hope this was helpful.  

While it takes some power away from the aldermen they'll  still have enough to get done what they want. 

If your confident you’ll always have properties available to pay off the LOC with, it can be a powerful tool that can allow you to expand rapidly, just stay cognizant of your leverage.

Answer these questions first.Here're a few articles to help you with the direction.https://www.biggerpockets.com/member-blogs/10850/84064-what-type-of-investor-to-be-when-i-grow-up-active-or-passivhttps://www.biggerpockets.com/member-blogs/10850/77215-the-power-of-passive-real-estate-investing2) Once you have the answer to #1 above, then look into various options: SFH, MFH (commercial vs residential), offices, storage, and etc... look at many assets and see which one based on your research resonates with you the most and makes sense.

This income represents roughly 230,000 of purchasing power. 

Prices are sky rocketing, priced are too high and the tycoons are taking up every sq ft for complexes and condos.

You should look at the wording of the trust and how or if the beneficiaries can change or have power of direction over the trustee.