Even if the intent is to convert this into a rental upon grandma's passing, you still would like the step-up in basis unless you plan of lifetime of 1031 / 721 exchanges.

Mortgage broker.I picked a 7 cap to intentionally DSCR-constrain the best options to 70% LTV - in place NOI and cap rate determines the down payment requirement, a property at a 6% capitalization rate would require an even larger down payment.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Given their proximity to a major attraction like Yosemite, these counties benefit significantly from the taxes generated by STRs, and from what I can tell have no intention of restricting them across the board.

We intentionally buy higher end homes that appeal to professionals.

If the deals were so good then why would they need to sell why not raise money in a fund… @Chris I think there was no real intention to conduct business in an ethical manner, Jason Walsh rather laid the foundation to use RE to produce a pretty large Ponzi scheme and I think we all know how those end. 

The first was probate to have her appointed to the estate and so we could file our intent to honor the contract.     

@Leo Parshukov you'll want to send a notice of your intent in accordance with local laws - or hire a real estate attorney to do it. 

Approaching the long-term tenant with a proposal to increase her rent to $3,000/month while explaining your original intention to convert the unit to Section 8 is a fair and considerate approach.

But the “evidence” presented by the op is only indicative of the “bad investment” deal he had, not of the turnkey companies intentions, value, or quality of offerings.