However, being only a child, I couldn't do anything except read a few free books I'd found.

Appreciation will catch up with the 50% rule or the 2% rule or whatever rule and smack it like a redheaded step child.

Some parents here have gifted their properties to their adult kids - parent child transfers via inheritance or gift, you can inherit their property tax basis but you have to live in the house - this was from Proposition 19 passed in 2020 to undo some of the Prop 13 benefits.

These entities have a single Parent entity for maintenance purposes, but they are able to replicate themselves into multiple Child Series LLCs or Child Delaware Statutory Trusts to hold a variety of assets in segregated structures.

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We purchased our first property in 1999 as a young couple with 1 child on the way. 

Maybe it is in walking distance of where they work, maybe it is around the corner from their (non-custodial) child/elderly relative so they can see them daily, or whatever.

Is the lower unit much more accommodating to your child in a wheelchair? 

For example, a child inherits a property upon their parent’s death that was purchased for $100,000.

I have partnered with experienced family members in the business and my child who also worked hard, etc. etc.