I survived and thrived during the recession.

So discounted real estate company will survive and be profitable to its share holders?

Then I would become the new partner together with my surviving parent, owning 50%-50%.When the 2nd of my parents passes away, and I get to inherit the 2nd half of the rental property, would again an exemption of $60k be applied on their 50% share of the partnership?

@Eric LeBlancWe have done well investing in the Spring area - One thing that helped our bottom line was to reduce our expenses by investing in areas that have lower tax rates - we moved completely out of Harris County to Montgomery County and found further savings by buying in neighborhoods without a MUD tax - we effectively reduced our expenses by one percent or more (which is like having an extra month of rent).Good Luck and Happy Investing,

You could also talk with Chad Harris at fidelit-bank.com

My business partner and I host a quarterly luncheon with Harry Borders and SurePoint. 

Congrats on surviving another tax season.

The level of preparation doesn't determine the likelihood of an attack but it does determine the likelihood of survival.

@Harry Walker Exactly!

If you accept $2,600, you have made it clear to them that not only can you survive at that level, but you are OK with that level.