It’s actually kind of sad that our education system is so lacking that people enter the adult world with zero competency in finance.  

Gifting the property to your son transfers your basis ($265K) to him, allowing him to sell at his lower tax rate (0%-12%), but requires using part of your lifetime gift tax exclusion.

I formed a partnership with my favorite people (my parents and my two adult children).

My personal experience is managing ~4 MTR/LTRs but I'm feeling like I need to expand to something more automated Hey @Rene Hosman, we use QuickBooks Online exclusively for all of our REI Clients.

I now exclusively invest internationally so I was never interesting uninteresting neighborhood stories.

Many of the things that made CA the titan have changed, CA does not have exclusivity on it as before.

I grew up in the States but never lived there as an adult.

Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.

Primary residence capital gain $250,000 exclusion.  

A full adult lifetime ahead.