Once the statute of limitations has been reached then if you are still feeling scorned you can report it on their taxes as a final parting gift.  

When my guy does a great job and goes above and beyond, I pay extra or give him a gift card on occasion. 

@Mike Neville  thanks for the  post ...answers:   1)   you can use a  standard rental property  purchase loan  to acquire the  house - min down payment is 15%  of the purchase price ...monthly mortgage insurance required if down payment is under  20% of price  and  rates/ fees  are higher than  regular owner occupied loans  2) I am  not aware of any local  loan programs that  will provide  funds for building a DADU or ADU  on a rental  property  3) I am not aware of any program that  will allow you to combine the  acquistion  price and development cost As you mentioned  regarding your friend / partner -  most  investors doing this will  utilize some other funds  source  for development and building funds   ( heloc ...savings ....HML ( hard money loan ) ...family loan/gift ....credit card ...personal loans ...leverage  other properties ...etc....) thanks and good luck

I work at NC State University as a Major Gifts Officer for Athletics and absolutely love my job, but I love the idea of retiring in my 50s with my toes in the sand on a beach somewhere and taking in passive income through rentals while doing it!

If the property was gifted to you by your parents, you likely have a carryover basis from them. 

It's a plan that helps you decide how to spend your income wisely.Whether you're saving for something special, like your dream home, or just want to make sure you have enough for everyday needs, a budget is your secret weapon.First, list all the money you receive, like allowances, gifts, or any income.

That's not just education, that's a gift.

Send them birthday gifts, Christmas gifts, give them a bonus.

She also mentioned that her daughter that is planning to move in with her received a dog as a gift for Christmas and was wondering if we could modify the lease to allow dogs and that they are willing to pay the fee and sign a new contract.

Are you buying expensive gifts for your tenants every month?