The kids will get a step up in tax basis at that time and will be likely able to get the full benefit of the portfolio tax free.

I think in general what could be happening is that there is some sort of "preferential attachment" where the best deals, the most houses, go to a relatively smaller amount of people a part of the right firms or have spent many years building contacts and expertise. 

Interest rate and insurance cost in Houston will make house hack harder now but it is not entirely impossible. for particular Indepdent Height, arces homes, and highland height is a great area that is growing in my opinion. 77021 near medical center has some really nice streetLook for home that has garage apartment, duplex or big land to put up additional structure later on. look for area with low tax rate and no HOA. plenty of them around

Your tax preparers?

I've most often seen it with sellers who aren't interested in doing a 1031 and they save some on taxes, earn interest, have a swtream of payments, but no obligation to operations/maintenance. 10 years or less is likely.

Way too much liability and risk out there.You can't purchase a residential property in a new LLC in NJ unless you have two years of tax returns on the entity or a relationship with a local bank who will allow it.

I like Nevada because it's close to CA, low property taxes, landlord friendly and has strong tech and manufacturing job growth. 

I will continue to be transparent with the agents and go through the process according to the law update.We are working on all the backend processes, 2023 taxes, you know the flow.. and hope timing works in our favor.

I understand that I will pay 10% in penalty as well as 24% of state taxes on it as well, leaving me with $50-55K.

The owner doesn't need to show alot of additional income for tax purposes but wants to sell the house.