I’ve never had this specific issue but mistakes like this are pretty common. 

I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

You listed some of the benefits but you didn’t explain what you’re specifically trying to accomplish.

If the tenant fails to provide proof, I would reach out to a local attorney about handling the lease violation appropriately, especially since Texas has specific landlord-tenant laws.

@Julie Doke: Industry specific software speaks to you and you can easily relate it to your day to day process.

I also use their virtual credit cards which enables me to assign a card to a specific person, like the cleaner for my STR for example, so when she runs a charge, it automatically drops into the right account in terms of categorizing my expenses.

., through a Tenant-in-Common (TIC) agreement), as partnership interests are specifically excluded from 1031 exchanges under IRC 1031(a)(2)(D).

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

Yes, they are getting higher than market rent for that specific Neighborhood, but they also have a hard time finding a S8 tenant that wants to move into and stay in that Neighborhood.

They specifically specialize in group vacations, so kind of similar, and no doubt have spent a ton of money analyzing and figuring out what works.