Any advice on other wise next steps?

They appellant must show the trial court made an error, either of law or procedure; an insufficiency of evidence; or an abuse of discretion. 

When transferring real estate as a gift, it does not receive a step-up basis, as it does when it has been inherited.

Splitting the gift across multiple years may reduce immediate tax reporting but requires appraisals, legal documentation and proper structuring.If the house is highly appreciated, holding it for inheritance may be more tax-efficient because the recipient would receive a stepped-up basis to the FMV at the time of your passing, eliminating much of the capital gains tax liability.This post does not create a CPA-Client relationship.

We are considering stepping in and trying to buy the place, but looking for some guidance on STR and what kind of money this place can bring in. 

@Ashly FrassoRenting by the room can be a profitable but complex model.

I am looking forward to connecting with everybody and taking another step toward my aspiration-to be a real estate investor.Thanks for having me!

Hello, it is really time consuming for me to analyze each property by manually entering its data to calculate the return.

So far, it’s going really well, and I’m glad we made the shift.For me, the decision wasn’t about issues with self-managing but more about freeing up time and mental space to focus on the next steps in our investing journey.Curious to hear others’ experiences as well!

Congrats on taking the first step.