Since my aunt is the listed owner, Proposition 19 does not apply in this case.We consulted a lawyer who mentioned that transferring the property to an LLC could allow me to be added to the title without triggering a property tax reassessment.

I have listened to the BP Podcasts for a some time now, and thought I would pull the trigger on joining the community!

I'll keep everyone updated on what I pull the trigger on next!

We are also close to pulling the trigger on acquiring another nearby single family home for a second STR.

It’s completely normal to feel nervous before pulling the trigger, but doing a solid market analysis will give you more confidence in your decision.

If you're lucky enough to get a free and clear property where the seller is willing to finance, this reduces much of the risk associated with seller-finance.I would make sure the title is then moved over to your name, especially since there is not a risk of a due-on-sale clause being triggered.

However, the replacement property must remain an investment property—converting it into a primary residence too soon could trigger capital gains tax liability.

Additionally, most mortgages have due-on-transfer clauses that could be triggered if you transfer ownership after closing. 

., mix STR with personal use or convert it to a primary residence), depreciation recapture is not triggered immediately but will apply when the property is sold.

If I would require some documentation from the city, would that trigger them to do the property lookup?