@Kevin Duke Since Subject A’s $6M net worth is below the federal estate tax exemption ($13.61M in 2024) and Florida has no estate or inheritance tax, Subject B can inherit the property tax-free with a step-up in basis to the fair market value at the time of death, eliminating capital gains tax if sold immediately.To avoid probate, Subject A can use a Lady Bird Deed (Enhanced Life Estate Deed) or a Transfer on Death (TOD) Deed, which allows automatic transfer to Subject B while retaining full control during their lifetime.

This number carries over into the two replacement properties.You don't mention capitalized improvements so I have to assume that your adjusted cost basis in the relinquished property is $230k. 

One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.

How did you find this deal and how did you negotiate it?

I used to work up there for years as a firefighter and still sell a lot in that area. 

How did you find this deal and how did you negotiate it?

This approach gives you the opportunity to thoroughly screen potential tenants, ensuring they align with your values and standards.

If you think this interest part is hard, the first partial year of depreciation is really going to throw you for a loop. 

Last summer I didn't see bookings all through the summer months, and typically by now I'd usually already most of march booked up, but not this year. 

(Find them on FB)Kenosha/Racine used to have a really good investor group but I haven't seen them post about meetups for close to a year now.