The building is 150 miles from our house so we are currently using the extra apartment as a janitor's closet and plan to put a bed in it so we can stay there for weekends.

Deep planting beds and wide borders with low-care perennials and shrubs in the mix add interest.More treesTrees are one of the few things that appreciate over time.

His goal is that we would eventually own it outright and could to either sell it or rent it out as a vacation rental without having to wait for transfer on death were they to live another 30-40 years.

In Los angeles a four bed would cost you more than 4K to rent.

I have a duplex (2 bed, 2 bath) that is rented on one side.

Only 155k great place to start a bed and Breakfast camping could build a pond for fishing community garden raise animals store boats and trucks.

That's where I'm currently looking and you can snag 3 bed single family for 150K.  

This means that your cost basis will be stepped up to the fair market value at the date of the person's death.

Check auction.com or hubzu.comI've just gotten several 3 beds in Charleston for 30 k and renting easy with Hud for 800 mo.

Most of the inspection was really minor stuff aside from a bed bug infestation in 2 (if not 3) of the units.