After the transfer happens.

In DeCleene, 115 T.C. 457 (2000) the taxpayer closed on a vacant lot and then transferred the lot to a third-party while improvements were constructed.

If you have a loan, you may wish to look into due-on-transfer clauses.

That's my understanding of Prop 19 and that passed under the guise of helping fire victims and senior citizens transfer their low property tax basis to a new property if they moved. 

I know 5 will not work as they don’t have the feature to defer capital gains that are invested in opportunity zone, so I will have to somehow manually record that in 8949 and transfer to Schedule D.After this is over, I will apply for a CPA license - I am now wondering if it is as easy as getting a license for property manger or real estate agent 😉

Well first one fails and of course they have transferred title or recorded the lease option.

As for the gastronomy, you can find nice restaurants like anywhere in the world really but, out of personal experience, you can't beat the food of the better all-inclusive resorts there and that's precisely one of the reasons people go for that option.To answer your question, as you know, Punta Cana accounts for 2/3 of the tourism in the Dominican Republic so, the first time I went, I was wondering about buying a short-term rental there.

If you have it in writing that they left, double check all utilities are paid for and transfer them to your name. 

It is a true transfer of risk.

Other option would be subject to where the mortgage doesn't actually transfer into your name but you make the payments.