Instead of saddling them with a $5M commercial property (for instance), you can turn that into 166k shares and divide them amongst your kids (who are in line to get a full step-up in basis when you pass away).Gotchas: The UPREIT is sometimes an option, and sometimes a mandate.

It sounds like you have a solid system with clear communication on extensions and vacancy openings.

If I wanted to get more involved and spend more time on investing (like if I was 20 years or more younger) I would make extensive use of options.

In this instance, I would enjoy the dispute and clearly will not be backing down.  

This process is extensive, requiring community engagement and approval from the City Planning Commission and City Council.Given the predominance of multifamily residential properties in your area, there may be a precedent for such developments.

There are instances where added depreciation expense will not result in a larger refund.

I’m not clear what it’s called but for instance like what I believe Grant Cardone does if that makes sense?

But I'm not familiar if title could get clouded from another mechanism at the state DMV for instance Thank you for your response!

However, if you have a more extensive portfolio or plan to become larger in the next year or two, I would look for a double-entry system that allows bank reconciliations.

You would have to convince the county recording offices, who are run by career employees who in some instances still are using fax machines and rotary dial phones.