@Kevin Duke Since Subject A’s $6M net worth is below the federal estate tax exemption ($13.61M in 2024) and Florida has no estate or inheritance tax, Subject B can inherit the property tax-free with a step-up in basis to the fair market value at the time of death, eliminating capital gains tax if sold immediately.To avoid probate, Subject A can use a Lady Bird Deed (Enhanced Life Estate Deed) or a Transfer on Death (TOD) Deed, which allows automatic transfer to Subject B while retaining full control during their lifetime.

Morris got paid $6,000 by Whalen for every house he sold.

I'm not blaming, but this is generally a discussion item.

Even if you write a bunch of text into a contract for those items, it probably won't matter much.

I spent my first 6 years in the financial planning industry working for a firm that had previously sold a lot of privately held REITS that went south.

Campus housing has been under tremendous headwinds for the last 4 years.These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.So sorry to hear about your investment.

But when that product is lacking or unsustainable, the focus shifts.First, the idea is sold.

I have been a RE Broker since 1975  I have taken listings anywhere from 25% commissions down to 1%  and I brokered 20 duplexs a few years ago where the builder was in Trouble these sold for 230k each and I charged flat fee of 30k each..

Maybe  it makes sense for it to be sold instead.

The resources are abundant - spreadsheets, contracts, tangible items to help you succeed.