In this case, you’d likely want to work with a real estate attorney to make sure everything’s clean and the title is transferred properly.Good luck!

Data chasers are always behind and miss the most meaningful appreciation events. 

You may lose access to the bookings they have managed, as those reservations are often under Evolve’s control, and they may manage the communication, payments, and cancellations for those guests.Transferring Bookings: Some companies might allow you to transfer the bookings if you switch to managing the property independently or through another service.

If you do a 1031 exchange, you can defer depreciation recapture, but it doesn’t erase it; it just transfers to the new property.

As far as closing costs go, see below:-Title fees-Title insurance-Hazard Insurance-Lender's closing fee, underwriting fee, or any other flat fee they charge-Origination fee-Attorney fee (if the property is in an attorney state)-Doc fee for closing docs-Prepaid interest through the end of the month you are closing-Recording and transfer fees on titleThat will cover most of your normal closing fees. 

The missing element/data point here is the market rents in the area and how your units compare to the market.

Because the total volume of sales for these lots is down, there's potential for a large gap between the lowest-priced active listing, and the most recent closed listing, solely due to the lack of available data (closed sales).

Trying to figure out the optimal strategy that will provide liability protection, proper estate transfer at death, and other strategies that can benefit their tax situation.I have my ideas, but want to consult with someone who has estate and tax planning experience in CA.

I spent the last three weeks scraping data on this very topic. 

.($1,000,000 - $25,000 = $975,000)As a seller you probably have a listing agent to pay too on top of your transfer taxes, closing costs, etc, so the net is less than that obviously, but we are just focusing on the buyer agent compensation piece of it right now for easy numbers!