The property is in California, so the children will get the benefits of a locked-in property tax assessment value that is at least half of similar properties ($27k), and when the children do sell, they will get a step-up in cost basis for ~$1.6M on the eventual sale.  

Once they sold enough units and got under 20% rentals, banks started lending and property values jumped.HOA fees always go up and you may have special assessments hitting you out of the blue, particularly in an HOA that's been mismanaged.HOAs have retired people with nothing better to do than spy on neighbors and report them.

Hi everyone,There are couple of ways to value the price of land in depreciation, such as the 80/20 (20% to land) and Using Property Tax assessor's values, or getting an assessment of recently sold lots in the area.I was discussing this with one of the CPAs, and he shared that if the cost of building the house is more than the purchase price, then the land is essentially of no value. 

Shopping for insurance, appealing assessed values, shopping utility providers, making energy efficiency improvements, etc.

They will keep on going up as the assessed value of the house increases. 2.

I’m now going to share them with you to help you assess and compare the offerings from the different developers.1.

., while I clearly don't know your investment thesis, and I agree that nearly $34k/door, even for a fully classic unit is A LOT of money, I would argue that 2-3 month rent is generally not realistic in many markets, nor is that how I assess rehabs.Personally, I look at potential rent increase, i.e. can I get $400/mo in additional rent by renovating this unit

It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.

My personal risk assessment that I suggest to my clients would look at a worst case scenario of long term rent (12 month lease), furnished medium (30 days or more), and for short term.

Some steps you could consider: Assess Your Current Property, Educate Yourself, Define Your Investment Strategy, Explore Investment Opportunities, Market Analysis and Property Selection, Build Your Network, Due Diligence and Risk Management.