Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.  

Will - I work with CSSI, the premier company providing engineering based cost segregation studies in the U.S. 

My dilemma has been that I've gotten a little behind on some revolving debt that selling this property now could eliminate in addition to giving me cash on hand to trade into some better value or start a new construction duplex project I've been wanting to start.

Only place I felt "safe" in CA was on base.

Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.

I even try to unsell them on the business by sharing my financial losses, litigation,  market shifts, permit purgatory, shady contractors,  clouded title issues,  paranormal activity, squatters, mold, etc.

Additionally, confirm the transfer won’t lead to property reassessment, which could increase taxes.

Many lenders also impose additional requirements such as owner-occupancy, and/or that one lender make all of the institutional loans in the building.- Valuation: The variety of financing products available as individual tenant in common loans remains limited, and the terms are generally less favorable than either apartment building loans or condominium loans.

Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.