Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.

A lot of times it is pulling value from thin air.

==========================My relative is asking if this is a viable way to legally avoid having to pay taxes:STEP 1: SELL PRIMARY RESIDENCE (House A)-Sell primary residence to son-in-law for cost basis + $500K-File gift tax form for difference between sale price & market value-Not pay capital gains on $500K due to personal exemption.STEP 2: SELL RENTAL PROPERTIES-Do 1031 exchange and buy House A back from son-in-law-Rent out House A for 1 year before move back in==========================Thoughts?

How did you add value to the deal?

For your 1st time, pay a Property/Land/Transaction Attorney to review the title commitment with you to make sure that there are only the outstanding liens on the property, and that the owner has title.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.

The larger properties (1,700 sq ft and above) are the ones that have seen the decreases in value and rents. 

I have a house where the information bubble (assessment, stats, value) is a house two blocks away, even shows a street view picture.

($390 value)”...

•The county will reassess at market value, so be prepared for a higher property tax bill.

It is used towards the appraisal, the environmental study, document review and preparation.