Depending on the value at the time of death and your basis you may need to file a gift tax return.I would speak with a CA attorney to determine the best type of deed to file and a tax professional to gather more information.

That would determine if its your property or just the market.

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

If that is all ok then get a very good local realtor to run comps in that area to determine the conservative value of the home once you've completed the renovation work(ARV).

And how do you determine your company's returns on these types of projects? 

That will largely help to determine the right fit in the landlord market for someone with a portfolio. 

You need to determine the best route for each deal you do. 

Creativity and determination can turn things around, even in dire circumstances.Always look out for your own interests.

At closing, the buyer and their lender determine whether the credit will reduce down payment, closing costs, or as a credit.5.

One of theirdifferentiating attributes is that they will work with you to determine how tobest handle your property.