market rents/cost to aquire What was the outcome?

For appreciating CA properties this could easily be a 7 digit step up in value but i would think in all CA markets would be significant.  

In many markets section 8 is higher than market rate. and investors need that extra return to mitigate the risk of sec 8 tenants generally speaking.

However, if you inherit it through her estate, you receive a stepped-up basis to its fair market value at that time, reducing tax liability upon sale.Gifting it now has no immediate tax consequences unless its value exceeds the $18,000 annual gift tax exclusion (2024).

I’m giving serious consideration to converting into a PadSplit.However, I have heard that Fort Worth (the city, Tarrant County, the faceless boogey man…) has issues with PadSplit whereas Dallas County is supportive.I would love to hear about your experiences between the two markets and if Fort Worth can be viable for PadSplit and anything I should be mindful of?

I have met a few folks recently who are active in that market and I am planning on following up and seeing what their experience has been.

We also have a huge LTR market. 

hey kenneth, It is really difficult and any market right now to find cash flowing deals.

Higher DemandThe rental market is shifting.

Educate yourself with books, podcasts, and market research, define your goals, and build a team of professionals to support your journey.