@Drew Sygit super interesting to hear, and I could see the benefit there.

I would like to emphasize that you should not invest for tax benefits alone, you should be investing in things that you like and understand before anything else.

Still close to the Bay Area but get the benefits of landlord/tenant laws, low property taxes, still high appreciation, job growth, population growth, etc. 

This psychological trap causes us to stick with a plan even if it no longer serves us and the costs clearly outweigh the benefits."

The investor must consider whether the potential property value increase or other benefits outweigh this loss.

However, this terminology can obscure the underlying issue: the original asking price was not aligned with the market reality.The Benefits of Price CorrectionsWhile the term "Price Improvement" may be somewhat misleading, the process of correcting inflated prices is beneficial for the real estate market as a whole.

I know most of us here know these definitions, but just to make sure we are all on the same page.The main negative with MTR arbitrage is that since you do not own the unit, you get none of the benefits of being an owner.

I have had several inquires about the property as a rental and the majority of them have been people on disability benefits. 

If they aren't able to reduce your taxes then they don't get paid.I assume they are selective about which appeals they will take on since there is no benefit to them or the homeowner to not be able to win an appeal, but I have no knowledge of their internal business logic. 

So, not sure if the terms from Legacy would be as big a benefit to me.