legally, as a cost basis of the house, it should have been included in the closing documents because it impacts things like taxes collected by the state, etc.  

Record high prices to buy a property and record high STR inventory coming on line seems to me like a very challenging situation to make the numbers work on a go forward basis… Anyone have advice?

If the real properties are held until a parent's death, there likely would be a basis step-up on the real properties, especially if they are community property since CA is a community property state. 

@Nicholas LIt appears that you are conflating costs and expensesCost is typically a one time event while expenses occur on a daily basis for line items associated with the operation of the property

Hi Everyone,I have a seller with a VA loan who is willing to sell the property to me on a subject to basis.

And if a long-term lease like we have in commercial real estate, you can schedule increases in the rent rate on a yearly or biennial basis, either at a fixed negotiated rate like 2% or linked to the CPI or consumer price index, which in 2022 was up 9% and this past year was up only about 4% but traditionally is up only one or two percent a year.

Also if he is that old i believe it’s better from estate perspective to die and own the property to pass along than sell before hand for tax purposes (but i could be wrong) as family get step up basis

We should talk Ryan, I have a team of cold callers (VA's) that help investors call lists and generate seller nurtures for them every day.

Tax basis wise this will be a ***** to manage.

I see Scott doing that every day.