Quote from @Gregory Wilson:As for the second, there are only about 20 monetary numbers to be entered in Turbo Tax on a single unit rental property 1065 so it always seems to me that the $3500 would be better spent elsewhere.

It's simple enough to make a row for income, and another for expenses, and then subdivide those expenses, and add them up in the total expenses cell and then subtract the gross income from those total expenses to get my net.

However, if your father inherits and later transfers the home, it should qualify for a step-up in basis to fair market value, reducing future tax liability.If the goal is to tap into equity, having the trust take out a HELOC may be a better option, avoiding California Prop 19 reassessment, which could raise property taxes significantly.

Chase told me that they will focus mainly on the property's financial and borrower's net worth and liquidity.

We are currently building the house to be a single family home, but the main house could be split into 2 units and there is already a 'mother-in-law' suite completed.

They are supposed to send me all the legal documents needed to transfer the payments to whomever is inheriting the mortgage. 

In 2023 when the interest rates went up and my minimum payment tripled , I sold the house for a profit.

Look them up online, call and interview several of them.

(I know, nothing is certain but just hypothetically) and all cash out loans are not created equal. if you have a lot of equity you can borrow up to 60% with the lowest rate possible, which would be close to a half point lower then borrowing up to 75% loan to value. 

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