It may be too early, which is the same as being wrong.

Sure there is a very small chance that something will go wrong, but with the tightening rental laws spending a little on a proper lease is smart.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I actually reached out to him just to phone chat as while he was arrogant and grating, he seemed to know what he was talking about.Very arrogant and all-knowing over the phone, just rubbed me the wrong way.

From my perspective, as a California litigation attorney for nearly 35 years, most folks completely focus on the wrong things, especially if they have never seen the inside of a courtroom.The op has posted from the perspective of a property owner seeking protection from tort type liability claims.

Your "right" time could be the wrong time for someone else. 

@Sandee SampsonA construction attorney would be who to contact but you are going to spend a lot more than $7000 in getting this resolved against a builder.Also let’s say you win, the courts could also say you didn’t pay for a retaining wall which is needed so it’s a betterment to the property so you would still need to pay for the wall and they would be responsible for some soil etc.

This is what causes people to not call ever and to have friends fix stuff the wrong way.If they want something checked out and then it turns out to be fine, maybe then a service call would be warranted, but not every time especially when they are service issues that are on you.$250 a call for someone is insane.

If there is any doubt, I would seek a second opinion but I am unsure if my CPA is wrong in this case, or if I should question further.

Your parents and you could probably use a really good Elder law atty in NY as well to look at how best to structure their ownership and passing to you.Nothing wrong with selling to a related party and completing a 1031 exchange.