.: Quote from @Jaron Walling: Follow your lease.

Follow Teresa's advice.

Hey everyone, I finally decided to make a post after months of following BP.

Why ask: This helps you understand how many people have succeeded under their mentorship, giving you an idea of the potential outcomes.

It is my understanding that gifting a property does nothing to step up basis as the capital gains would follow the gift. 

They either don't understand your laws or they don't have good policies in place.

I was going through the rent control laws ( I know, should have done that before purchasing the property ), and a section stands out. https://ecode360.com/30526708#42037155Based on what I can read, the rent control chapter doesn't apply to: Dwellings of three and four units, at least one of which is occupied by one or more of the owners thereof.My understanding is that rent control doesn't apply to owner-occupied multi-units. 

MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.

I have been interested in real estate investing for a long time, but never really had the community, capital, or understanding of how.

I would encourage anybody with an SDIRA to consider switching over to a Checkbook IRA for some of the following reasons:1.