I don’t know if the 4 of them only had 1 kid, (his grandmother) who only had one kid (his mom) who only had one kid (him) then maybe it’s less scummy as we’re only talking about 3 inheritors who have no other dependents.

Rookie investor seeking advice - with hot seller market, we find ourselves priced out of SFH purchase for ourselves, House hacking won’t cash flow because we have young kids and school requirement becomes a sticky point even for MF units.

She is letting him and his family (wife and kid) live there free and clear. 

I should explore more on this as that was one of key reasons, I focused on this marker :-) Happy long weekend!

If you'd like to explore different areas, would love to help you, PM me.

Crazy value.A little about me:I’m 35, no kids, single and live near Seattle, Wa.

Prior to real estate, I was too scared and comfortable to explore outside a 9 to 5.

. $50k K1 loss3. no tax on distribution during the entire 5 years because of $50k loss.4. at the time of sales, you still have $20k loss left5. at the sales (~2.5 times multiple), you get ~$200k back ($100k original capital + ~$100k profit).6. you owe IRS capital gain for $80k + recapture of depreciation, depending on your income, up to 20%.If you don't do anything, then you pay IRS long-term capital gains tax and it's all done.However, if you invest all the proceed of $200k in the same calendar year on a deal with the same terms, then you generate $100k paper loss effectively offsetting capital gains tax from the first deal.It seems like you will eventually run out of paper loss unless you put additional money in. however, you can defer the tax quite a bit.You can continue to do this until you die.... when you go, your kids will get this tax-deferred investment on a stepped-up basis wiping out the tax liability.Am I understanding it correctly? 

And the homes if you choose like i do  Stucco  tile roof less than 20 years old A B class you can actually self manage those from San Jose.so thats another option to explore.. dont just let price dictate and for sure dont go chasing Bps  that will come back to bite you.PS Steve is one switch on smart landlord I would read as many of his posts as possible from the owner do it yourself angle..  

They actually hired some kid in the neighborhood and if that’s their prerogative, then all the better.