Of course, that opens up a whole new can of worms RE the tax implications of having the in-laws live at below-market rents in one of our properties.  

One I know is based in LA as that's a huge market of course..

Obtain a working knowledge of the local rental market. 

Off-Market: I was working for a storage facility and the owner needed help removing his stuff because he was moving How did you finance this deal?

I’m reminded of a buddy of mine who moved from Brooklyn to Scottsdale.. he initially thought the desert was just cacti and scorching heat, but soon realized there’s a thriving market here with pockets of real oportuntiy.Working with an investor who’s ready to spec build is a fantastic way to dive in.

We are always priced under the market average for properties, as we prefer a slightly higher occupancy rate over a higher nightly price.  

Another concern is after the two years, I still wouldn’t be lendable for most properties in my markets due to that lack of income. 

At what point do you start marketing?

However, if you inherit it through her estate, you receive a stepped-up basis to its fair market value at that time, reducing tax liability upon sale.Gifting it now has no immediate tax consequences unless its value exceeds the $18,000 annual gift tax exclusion (2024).

Fairbanks offers a unique market with its own set of considerations.