The tax basis really depends on how your sisters were added to the title of the property.If your parents added them as co-owners while they were still alive, that means your sisters already owned part of the property during your parents’ lifetime.

The contingencies would be asking for a co-signer and checking landlord references. 

My goal is to purchase a duplex in a solid A/B neighborhood to operate as a mid-term rental (MTR).I know how important it is to have the right team, so I’d love to connect with investor-friendly real estate agents, property managers, and co-hosts in either market.

You can’t treat MTR guests like hotel guests — but you also don’t need to run a full-blown tenant application either.I use a middle-ground screening system that keeps things professional and simple:-Verify employment or assignment letter (nurses, project workers, relocations)-Confirm ID + previous landlord or housing reference-Require a refundable deposit or insurance coverageThe goal: balance safety with speed.

You'll want to make sure you have a system to vet and hire competent workers on the in-house side, and/or that your vendors are trusted and respond quickly.

I invest $5K a month in passive investments through a co-investing club.

I have enough to worry about without dealing with incompetent state workers, yearly renewals, and a constantly changing website that doesn't work, and looks like it was written with COBOL from the 1950's.  

Quote from @Adele Tegger: Hi everyone,I’m interested in two side-by-side duplexes (four total units) in Fort Collins, Colorado.

We've had this happen before, where a worker made an entry error, and we've immediately covered it for the owner, while we worked it out with a vendor or whomever.Doubt this is covered in your contract, but recommend pressuring them to correct their mistake with you and STOP using the vendor as an excuse.Otherwise, start looking for a new PMC FIRST, then when you find one, terminate this one.

Gain from residence is below the $500K threshold (I’m married).the land I’m thinking of building on is a vacant lot in Northern Colorado, but I don’t own it yet.