Is this a different property  I believe she had sold that property.   

I believe you were right he would inherit your cost basis, so he would owe capital gains.

ThomasI believe those are reasonable assumptions.

I believe that he might want to move the Florida loans to Colorado I just found out but Im very hesitant to do it and putting all my eggs into one basket.

The home I sold for $23,000 was flipped with in days I believe for $79,000.

I believe this is one reason none of the deals I analyze are cash-flowing.2.

Costs may disqualify the opportunity even though in theory it can be converted.I believe its important to set expectations and if this is an 8 bedroom RSA5 home just as an example you very well could be looking at a building that's obsolete and again even if it is RM1, depending on the costs of the conversion, still potentially obsolete.

I still can't believe it doesn't already exist though! 

I currently have to do a quick new market study to quickly filter out a market and it is tedious.I do believe the big names brokers are overpriced.

I believe there are license allotments in many towns near and around Denver so you want to make sure there is a license available for the basement unit before you factor this into your cashflow plan.