Under MD law they would be responsible for the costs of those improvements and would be responsible for restoring it to the original condition at the end of their lease.

Death of Person A (11/2020):• Fair Market Value at Death: $180,000• Step-up in Basis for Person C upon death of Person A:• 33.33% of $180,000 = $60,000• New Basis for Person C: $26,667 (original basis) + $60,000 (step-up) = $86,667 for 66.66% ownership.4.

Place "how to" signs next to any complicated amenities and front load your messages to make guests aware of any quirks. 

Investors are being more cautious and looking for properties that can generate strong rental income right away to help cover the higher financing costs.

I faced a similar problem and ended up creating custom designed Excel spreadsheets that auto-populate with each other.

You should have had this all cleared up before closing.

Writing up the lease now!

I don't see why you can't buy a business, make money from your business, and role it into a real estate deal to create long term wealth with tax benefits.That is what I ended up doing.

I'm up the hill in Tahoe. 

The fees were really what held up this deal.