They are less likely to be vandalized, have higher profits, and are more desired than a nice new home (flipped) in a bad area.Just be careful with the numbers!

However, it is important to carefully document the reasons for the transfer and maintain proper documentation to support the exchange.

If there are terms for terminating the contract, read them carefully. 

I plan to keep the Bay Area SFH (solely owned) and multi-family (co-owned with family) and pass it onto my kids and they also get my primary residence.

The irs doesn’t care about the title holder, it only cares about the tax payer being the same on both deals. 

So any advice you get here should be used in the areas where the poster is from with the understanding that they might not work in your area.That being said here is what I think: Your current residents drove their family member to sell the building because they were happy to take advantage of him or her. 1.

When I first moved to the area I fantasized about fixing one up for a primary residence.

Short-term rentals of residences, as defined in Article 1, Section 5, may beConditional Uses in the A-1, A-R, RR-1, R-1, and R-2 Zoning Districts, provided that thefollowing requirements and limitations are adhered to:1.

.- Expansion: Using the saved capital to invest in another property can potentially double my investment opportunities, diversifying my portfolio and increasing my chances for additional income and appreciation.Negatives from an investor's perspective:- Cash Flow Concerns: The $500 monthly negative cash flow translates to $6,000 annually, a significant amount that needs to be managed carefully.

Investment Info:Single-family residence buy & hold investment.