As part of this she is going to gift my fiancée a house, but wants to maintain the rental payments monthly.Here’s the idea we’re considering:- My fiancée would take ownership of one of her mom’s properties (title in her name).- She (and I) would then refinance that property and use the cash-out proceeds and our savings to buy another property outright (potentially to run a BRRRR on).

This is a great idea, and certainly would be appreciated by guests. 

For real estate, a simple gift or loan is usually best.If her estate will not exceed $15M or $30M, the lump sum gift with a gift tax return is simplest.

I would abandon the idea of manufactured though, meaning a single or double wide, for several reasons.

But then there is something called improvements, and the improvements is just as much, making the assessed value $2x. she has no idea how this could be.

Looking for ideas from experienced chicago landlords. 

One thing on the tax side is you would need to file a gift tax return if the transfer from your interests to your children exceed the annual limit.i would probably first focus acquiring great properties in great areas and then do the strategic planning that's required. 

You may just need someone familiar with gifting strategies and DAFs or you may need a team to run a foundation. 

Hi Dani,I can connect you with reliable financing sources, tools and ideas and shoot some great house hack opportunities your way now...several just came back on market with inspections attached.

I usually get a couple ideas and try and pick one to do that year.