Feel free to reach out to me or send me an email I can walk you through the basics and go over what is required and what to avoid.

I don't foresee Texas implementing a similar law, but I'd be interested to know how this change has affected others.Side note: It's not the Section 8 tenants that I'm avoiding, it's the government bureaucracy that comes with it.I believe the majority of the US population lives in states with the same law.How do we navigate it in those states?

To avoid reducing your lifetime exemption, you could gift equity incrementally, but this requires proper legal structuring (e.g., fractional ownership transfers).

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

@Lauren Ruppert Yes, an LLC can sell a property to your child’s LLC, ideally at fair market value (FMV) to avoid gift tax complications.

There's zero reason to do this when there are plenty of options to avoid it. 

Folks still like gas for cooking and it can be used for the fireplace to avoid wood/sparks/soot/etc.

I'm thankful that I made a decision to self manage. even at a  distance I think it helps you avoid a lot of headaches

I find it silly when sellers force their exchange for an underperforming deal just to avoid $25k of taxes. 

•Are there any specific neighborhoods or zip codes to target or avoid?