If Gen Z wins, it means prices come back down to match wages and the equity people have gained over the past 3 years will be lessened (not saying wiped out but it will take a wack).

I inherited the lease at purchase.

I've got a 778, I own a house that I inherited when my dad passed, with roughly 350k in equity.

General BackgroundNewbie investorNo credit available (poor credit and repo due to major health issue).Multiple tax years of returns due (nominal to no income)Unplanned ownership from inheritance and Florida Condo Collapse.Need to do a 1031 exchange and avoid capital gains while trying to invest in my own residential property.ScenarioI have a paid off condominium property located in Florida.

Edgar Grier inherited a house from his mother that she had rented out for many years to the same tenant.

Keep until we die and let the kids inherit on a step up basis. headache but built in inflation protection, property appreciation, and tax benefits. 

After a  few deaths in my family over the past 3 years, I've inherited 5 properties.

If I buy a property with tenant in place, do I need to inherit the existing lease terms?

FYI the interest of doing it in trusts would be to avoid probate and any inheritance taxes, but again, I'm just doing research and am not a lawyer so just trying to get more info so I know which direction to go and what to ask when I get things set up 

The ultimate tax-free transfer would be to inherit the property at a stepped-up basis.