Our agent negotiated us a credit for one aspect (floors) but given the true work that really needs to be done is there anything we can do at this point... like arbitration to cover costs of actual work that needs to be done.

I don't foresee Texas implementing a similar law, but I'd be interested to know how this change has affected others.Side note: It's not the Section 8 tenants that I'm avoiding, it's the government bureaucracy that comes with it.I believe the majority of the US population lives in states with the same law.How do we navigate it in those states?

I heard that if you move the personal mortgages to an LLC they could get called and we would want to avoid that3.

Do you have prior experience to operating the rehab credit contingency to avoid the seasoning period?

It has BRRRR aspects to it. 

Give them a couple of options, they already know the unit got foreclosed, most people move to avoid the hassle. 

However, if your father inherits and later transfers the home, it should qualify for a step-up in basis to fair market value, reducing future tax liability.If the goal is to tap into equity, having the trust take out a HELOC may be a better option, avoiding California Prop 19 reassessment, which could raise property taxes significantly.

Conservative financing: Avoid over-leveraging yourself.

Electing disregarded entity status avoids additional filings while achieving the same tax outcome.This post does not create a CPA-Client relationship.

I can share my learnings, so that you are aware of what to avoid, specially when you are out of state.