If she gifts the home to you, you inherit he cost basis and owe all the taxes.

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

Now IF you have all those bases covered, my tips are: Take GREAT pictures and for the love of all that is holly please no close ups, wide angel pics.

I tip my hat to you because you are way ahead of many of your peers. 

Very nice people and always brought us gifts :)As a home builder ( small time 20 or so a year) I look at my sub base and if I start at survey and work through the house here is the demographic..

I’d greatly appreciate any advice, tips, or insights you could share—especially if you’ve done something similar.

Just a tip - make sure you don't just look at the current property taxes. 

Any tips?

& ask the people about the thing they're good at, okkk got it :)I will do that, thank you very much hey I picked up some tips from the podcast too.... still listening to it, but.... : - Robert Kiyosaki, "Rich Dad, Poor Dad", and "Cashflow Quadrant" - (already have the pdf ready to go.... but also "rich dad")- Dave Ramsey- the more creative way of getting the carryback note down from 40,000 to 30,000 - and using that, to make everyone happy.... and move the deal along- and I also wrote down.... : never give a city inspector the lock box code before you get there lol…. or do try to stand in his way a bit lol -- that's awesome.... gives me an idea for the culture - and what they must be like lol.... anyways, Shiloh thank you so much - I appreciate it a lot.... great first day, checking the site out much appreciated ! 

Welcome to the community and be ready for a huge amount of information at your finger tips.