Wishing you the best on your future. 

While they generated some cash flow, I found the effort required to manage them wasn’t worth the return.

With this, along with shifting the utilities to the tenants and reducing the management fee to generate an NOI of around $103k, I'd estimate the value around $1.8M to $2.0M

Laminate flooring in main areas with carpet in the bedrooms. 4 bedroom, 2 full baths, and the basement will have a full bath roughed in as well as a wet bar rough in. 1 egress window in the basement for a future bedroom.

But you'll learn a lot by calling around and it will help you understand what you need to do to "fit in their box" in the future.

My partner is a builder in the LA area and his client posed an interesting question for him that could affect financing in the future. 

If you expand your rental business in the future, an LLC may be worth considering, but for now, keeping good records and securing appropriate insurance should provide adequate protectionThis post does not create a CPA-Client relationship.

In future if you are refinancing I would sometimes look to pay a higher purchse price but have seller concessions to bring the price down on paper but not for comp purposes. 

The recipient inherits your original cost basis, which is used to calculate their future capital gains when they sell the property.

Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.