You seen to think you know it all or else, it's a persona you adopt, because you think you can come in here and find gullible people that will buy your turnkey properties in D and F areas. 

In order to take advantage of estate tax exemptions of 11.7 million per person a married couple might need a spousal lifetime access trust if their assets are lopsided.

How did we get from there, to nearly $100k per person? A

What are the chances that you are going to get someone much worse then this person as a tenant when you do kick him out?

I do see my post represents just after midnight so it does say Dec 24, but I did not work on X-mas Eve, X-mas Day, or even until just now the day after X-mas, hence my tardy response to your post and all the others.

The sales contract showed the seller as the LLC(formerly half mine) that owned the property and myself, individually as a person as the buyer.

You are a disqualified Person as @Dmitriy Fomichenko mentioned. 

But it's also well known that in those SAME markets, gross rental return will generally be LESS than 1%/m of the property's value (not necessarily the original cost), which still makes it hard to get positive cash flow (when leveraged at 80%), even though expenses might be significantly less than 50% of gross rent.Lee, you may well be benefitting from a buoyant rental market, but can I ask: what IS that $2,800/m as a percentage of your property's value?

Is your person a CPA?

Term life is a certain duration of your life while a permanent life covers your entire life.Gift - The first $15,000 you give per person as a gift is exempt from federal gift tax.