It is my understanding that gifting a property does nothing to step up basis as the capital gains would follow the gift. 

That said, you could go to the mayor and police chief and ask what steps were taken with the involved officers.

Thus, my main goal joining this forum is to try to gain confidence in the decision to get into real estate investment and better understand the risks that I may not be considering due to my lack of experience in the field.

Another one I wish I had taken earlier was to get involved with a boutique or specialized commercial broker. 

@Stuart Udis I understand the importance of having the funds for repairs, vecancy and any issue that may happen.

I do understand all recent syndications are struggling with costs and tenants struggling to pay, so trying to be patient for now.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Hello Kenyatta, I'm also new to New Orleans and actively getting involved in REI.

I just want some outside eyes to help me understand if this deal is what I should expect to find as I build my portfolio.I plan to buy and hold long term.