Very tactical, practical and smart Greedy....

The practice has infuriated me for as long as I can remember—mostly because: 1) I am not one of those children or grandchildren, 2) The wacked-out principles behind such gifts, and 3) What often happens to the money and the recipients.

I realize it is better to leave cash to heirs, but sometimes it just isn't practical.

It also does not mean that this is not a very common practice.

Are you allowed to raise rent more than inflation if you make improvements to the property while the tenants are still there?

Each year, you can take the value of the improvements (i.e., the house but not the land) divided by 27.5 as a deduction against the income.

I practice what I preach.

Believe it or not, a person can actually greatly improve their credit score in a period of one year, assuming you don't have foreclosure or bankruptcy.

Practically, I was thinking of a double closing.

The idea being that by practicing it with each other, it would be easier when you actually did it for the first time.