Thanks Michael, my intention is to repurpose the existing building.

Sorry for your loss.I have gone through handling inhering a property and assuming the existing loan   It was my brother who was assuming the loan, but he is borderline capable so I did all the inquiring, etc.  

We have an existing LLC, but it's for a business of a completely different nature and purpose.

Obviously this is dependent on your local area, saturation and quality of product.

Split the existing facility into more rentals. 

Options I’ve seen mentioned:Splitting the gift across multiple yearsStructuring part of it as a loan (and possibly forgiving later)Using a 529 plan contribution (not really applicable in my case but curious if relevant to others)Setting up a trust or custodial structureOr just taking the lump sum and filing the gift tax form, since it would fall under her lifetime exemption anywayThe goal is to use the money toward real estate investing—either as down payments on rentals or possibly paying off some existing debt.Has anyone here gone through something similar?

add attic (was partially existed) Lessons learned?

Normally, when you sell a property and keep a pre-existing loan, it is called a Wrap.

I am looking to either buy doors or buy an existing property management company in the state of Virginia or an adjacent state.

Smartlocks are expensive, I hate to have to switch them out each time a tenant leaves because they have an existing key.