There is no correlation of my name attached to my other properties exempt an attorney search.

The current tax code provides special benefits in this situation.When the original owner passes away, the "basis" of the assets resets to the market value at the date of death.In the US, there is currently an estate tax exemption of approximately $13 million per person, which allows the basis to reset, and depreciation can start anew.This “step-up in basis” is particularly useful if the next generation wants to sell the asset.Since their basis is set at market value, if the property is sold at that value either at the date of death or within six months, there is no capital gain and no taxable event.There have been many examples where portfolios of fully depreciated real estate worth tens of millions of dollars have been passed down from one generation to the next, resulting in little to no tax liabilities for their heirs.Pretty cool, right?

Hey Cameron,Sorry for the delay,  in math terms 6% is 1.5 times 4%.However, for tax purposes it is not that simple, for your primary residence you get a lot of tax breaks such as not paying for schools, and an exemption of the first x $'s etc.  

You can have a homestead all day long without filing a tax exemption. 

@Connor ChanterI'm not a CPA but based on your post as long as your mom is the owner of the house in Michigan she should qualify for the $500k capital gains exemption.

I know none of this answers your question of 506(b) syndicators that I have had a good experience with, but I hope it does point out that these exemptions are typically not what is holding people back.The bigger question, and likely the one you are really getting at, how do you find the true operators, and not just the savvy marketer?  

It varies from county to county on how they handle it and some give great exemptions or a flat reduction to value. 

Some contractors are licensed but have no staff just them so they are exempt from work comp so if they injure themselves you could be on the hook.

This is true regardless of whether the property is in an Opportunity Zone or not, as the Opportunity Zone benefits don’t exempt you from depreciation recapture.

This tax is assessed on business income inside of tax-exempt entities or organizations (IRA falls into this category).