Your father giving you the property is the taxable event.

While REITs can be great investments during a strong market, they are highly correlated to the stock market, tend to rise and fall with the economy, and their value can be impacted by events that have nothing to do with real estate.

When you get the contacts you put in a contingency that gives you time do inspections and provide a fee to the seller in the event you can’t meet the deadline.

Also, what's more advantageous in terms of what triggers tax events?

I can't go to the event and just want to recoup most of my loss's.Message me for any details or questions

@John Kelley you can find meetups in the event section of the website and then search the Salt Lake area.https://www.biggerpockets.com/forums/521-events-and-happenings

In the event that the house would be sold, the bank would expect the full remaining loan due.

We have bigger pocket events in the Northern Boston area, In the near future we are looking to have some events on the south coast. 

My husband and a long time friend that is a residential agent both walked in to a house where are they were going to for a social event and they started talking about the house and each saw the house much differently.

So, with 30 years approx to grow, I have the potential to do a one time taxable event, which may cost me up to $45k now.