When that changes.... of which we are at door-step of now....Hey, side thought; If your waitress/waiter is a robot, do you still tip em?   

Lots of boomers & CALPERS recipients headed your way.

You have 3 seconds to convince the recipient to open the envelope. 

The last thing you want is the IRS showing up on your door step or for you to be caught in an audit and unable to support your stance. 4.

Getting a househack helps you understand if RE investing is right for you, gives you first hand experience at your doorstep, and starts to churns those wheels inside your head with your next move. 

For extra formality, put it on a nice document with your letterhead.Re: Non-Binding Letter of Intent to Purchase Real Property Located at [Property Address]Dear [Recipient's Name]:This non-binding Letter of Intent ("LOI") is submitted by [Your Name] (the "Buyer") to [Recipient's Name] (the "Seller") with the intention of setting forth certain preliminary terms and conditions for the proposed acquisition of the real property located at [Property Address], inclusive of all improvements, appurtenances, and fixtures thereon (the "Property").Purchase PriceThe Buyer hereby proposes to purchase the Property for a total consideration of $[Amount] (the "Purchase Price"), which shall be subject to adjustment based on the results of the due diligence investigations and final negotiations.Earnest Money DepositContingent upon the execution of a definitive Purchase and Sale Agreement (the "PSA"), the Buyer shall deposit earnest money in the amount of $[Amount] (the "Earnest Money") into an escrow account designated by the mutual agreement of the parties.

My tenant lives in the unit above me and has been there since before I purchased the property (She is also a section 8 recipient).

Dear Christopher,I don't think you will have a problem...because your target population should be cash-pay clients, not Medicaid/Medicare recipients.

You’re quick to judge until it’s on your doorstep, Which can happen at absolutely any time.

The icing on top of these joys - to the extent the property is depreciable in the hands of the recipient - it is an ORDINARY gain, and not a capital gain.