Increase Your Cost Basis: Document and include the costs of significant improvements made to the property in your cost basis.

I believe you were right he would inherit your cost basis, so he would owe capital gains.

I know there is all this talk about the Olympics coming but on a practical basis that has no effect on you unless you do STR, which you typically can't in a rent controlled property.3.

Our 4 SFH's have a cost basis combing around $900k.

Balance what you are learning through KW on how to be an agent and in the real estate class (much better basis for investors in real life than agents) with going to real estate investor meetups in your area.

They are going to look at tax returns, they aren't so much looking at it month to month basis.

That weird uncle everyone has will be glad to help take care of any family member disputes with unconventional methods, boating accidents, hunting accidents happen every day.

This is why it is important to look at the market regularly and maintain an understanding of what prices are doing.When you are actively marketing a home, I recommend looking at the market every day or two.

However, we're looking into these two for taking on more units, giving several VAs access on a limited basis and the unified inbox that both provide.  

Everyday RE investors achieve success with just basic math skills.