Quote from @Christopher Price: Quote from @David Rutledge: Hi everyone, I am as told to post this question here but I apologize if it’s out of place. 

It's different market now and I am slowly getting back to explore to see if we can still cashflow in the new price.

The $40 000 USD price tag was not worth what we were given. 

If they don't have the energy to do 5 deal analysis, then they will want their hands held by the coach all the way thru and that won't work. 

The price is about as low as you can go in Southern California.

Purchase price: $932,500 Cash invested: $450,000 20-unit building converting from LTR to fully furnished MTR/STR.

It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price 

Purchase price: $90,000 Cash invested: $60,000 Buy and hold that I still have to this date.

The cashflow in MI relative to price/cost (RV or rent to value ratio) is good enough where this strategy might work better than our east and west coast cities where RV ratios are like .3-.6% of price per month.

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.