But I do have some family in Canada that have told me there has been some tax increases to the STR owners to try combat housing issues.

On a daily basis I get questions from investors/property owners about the rental rate for their rental property.

Often, owners beat up PMCs for a low price, but fail to understand the PMC will often cut corners to make sure they are still profitable. 

It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price 

How does that work when you are not yet the legal owner of the property?

As a realtor in the Boston area for the last ten years, and successful AirBnB owner up in NH, I’m ready to shift my focus to building a strong cash flowing portfolio.  

However, when contacting the principal’s home, his wife confirmed the passport photo was not his, and the birthdate was incorrect—despite the signature on state documents being authentic.Unauthorized Use of LLC: The actual owner, a 78-year-old retiree, was unaware that the LLC was still active and had never conducted any business under its name.

Plus you can be more selective of the tenants you rent to being an owner occupant!

Obviously, it's not beneficial to every property/owner, but we do see many investors benefit from it.

I don't live in CA, and wasn't aware of the Prop 13 passing to the next owner if it's parent to child and both live in it as their primary.