It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price 

the company is Tax Auction Investors and seminar solutions...i think from my research on videos etc that was or is thecompany they started as thier education company 

Owning has advantages that LL does not such as no vacancy, typically lower maintenance/cap ex versus being occupied by tenants, and often property tax breaks. 

I'm assuming you are arriving at your cash flow number by applying Gross income - cap ex, maintenance, utilities, vacancy, tax, insurance, mgt, landscape/snow & Debt service?

@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals. 

Which made my tracking for taxes and such all look super dumb because everything is off by a dollar.

Major repairs are done, taxes up to date.  

That had even a passing resemblance to tax returns or financial statements4.

You need to have the income and tax liability to support the depreciation.

(gross rents $4900; 8% PM; mortgage+insur+taxes = $3600/mo).