Sacramento metro is 2 million + residents, growing medical industry, majority of state jobs, and is 2 hours from the ocean and 2 hours from Lake Tahoe.

The neighborhoods close to the medical center area are not good neighborhoods.

Once I hit the $12M exemption then I would move stuff over to an irrevocable trust. 

Now I do want to throw what my guess is out there, which is since he sold the property last year he is now buying into the LLC which owns the property, he cannot take his old basis or use this type of exemption.

Hello, upcoming medical student in philadelphia here.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

Real estate investment trusts closed out 2023 with a surge of investments in healthcare properties as they look to capitalize on an aging population that is becoming increasingly dependent on medical care.Healthcare real estate, a relatively niche market within the larger real estate industry that includes hospitals, assisted living facilities and rehabilitation centers, can often blend elements from familiar real estate sectors like office, multifamily and retail, offering a unique investment subtype.

There are two hospitals with one of them currently building a medical school to be completed March of 2025.

You can get great tenants willing to pay as you have Caltech, JPL, The hospitals, Medical schools, Private High Schools and Elementary schools all within the city! 

Once we start talking about bigger pieces of land that that woulud appear to developers (i.e. homebuilders or developers who do self storage, medical office, industrial, retail/commercial) then I usually can market to them without necessarily having to put on the market, because I know who the players are in SoCal, and that helps especially when seller doesn't want to do an exclusive listing, but will let you bring offers off market.But in general, for random pieces of land that aren't necessarily for the big developers/builders, you certainly need to put it on the market.