Even if they offer a 721 on any property, I would recommend looking elsewhere.

I'm finding when I look at a given property, I get inaccurate comps in two ways: 1st, a property will show up in the list as a comp to my subject property but have a REALLY low sale value; upon investigation I find that the property acutally hasn't sold in 10+ years but PropStream thought it was comp; 2nd, a property will show up as "Sold" in the MLS status, but all ownership and transaction history tab don't reflect the new data.

Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

Hello I have a client who needs to do a purchase and rehab loan on a four unit property in New Orleans.

Hey Sophia,It seems like you’re trying to decide between keeping or selling your rental properties.

No dealing with tenants or long-term property management.

I added value by rehabbing both of the units inside the property What was the outcome?

Property management - maybe 3-4k/year.

I own several out of state properties.

I have purchased many properties without a tenant in place.