I see a lot of need for hosts to connect with others to share best practices, problem solve, make connections and so on in a live, interactive way so that is the purpose of this group.

The limit is applicable so it doesn't count toward the doner's lifetime gift-tax exclusion.In theory, if the doner doesn't anticipate to have an estate near the lifetime exclusion, they can gift more, they would just need to file a gift tax return, where normally no tax would be paid.

And we've done it with the stock market almost fully recovered back near ATH's, the housing market staying strong despite huge changes to interest rates, etc.Maybe it's all a mirage and one last hurrah to hold on before the big crash everyone has been anticipating finally does come, and I've been a bit of a doom and gloomer myself, but I think if you'd asked a year ago if it were possible to get back to 3% inflation in a year with the stock market within 5% of all-time highs and housing prices still within 5% of the peak every single person would have said it was impossible. 

Time will tell after closing with the current tenant, anticipate a good exit.

We've seen it before, like 2008-1011.Chris-  Thanks for all the feedback (Sarcasm) ;)The only other thing to mention would be that there is a special assessment anticipated in the next few years which is estimated to be around $10-15k. 

Currently, I bike and take the bus to work to save on expenses from owning a car, I meal-prep once a week and eat out only occasionally to save on food costs, and I strategize my regular spending to receive the maximum cashback.Looking forward to interacting with this community and learning more about making smart investment choice.

We've developed a workaround in anticipation of this. 

I anticipate having more detailed information on this front by next week.Once again, I appreciate everyone's input and am looking forward to exploring all options to maximize the potential of this property."

Hi @Drew SygitSounds like a tough situation for both you and your investor.Over the last few years, HomeRoom has housed thousands of roommates in our homes and used that time/experience to fine-tune our approach when dealing with cities and neighbors.City interactions are quite rare and we are typically able to work through them.

Alazar, I recommend that you tell everyone that you interact with that you are a real estate investor and tell them what kind of properties you are looking for.