Did you have PMI for the life of the loan or just the first 20%?

There will be no gift tax consequences if they have not gifted more than 22M throughout their life. 

Now, this duplex was turn key and had numerous upgrades such as flooring, painting, hot water heaters, roof.

@Dylan BairOld post coming back to life.

All, can you recommend any types of movies, where one of the topics are life around the Real estates investing matters on US market?

Bought my first rental in 2010, got my real estate license in 2013 and bought a property management company in late 2015This is when my life changed and I became exponentially happier.I don’t punch a time clock and I’ll never go back.Since 2015, we have been hovering at around 115-130 doors that we manage for investors, as well as my personal units.Between last year and now, I have personally acquired an additional 10 doors through bank financing and owner financing.Through partnerships I’ve put together a few deals and have a 17 others (two duplexes, one 12 unit apartment, and one condo) .I love the podcast and this community of investors.Thanks,Dave Fulkerson

And if going to The Good Will is beneath you then you have a lot to learn about business and life. 

So that gives you some freedom and options, you do not have to do a 1031 so less pressure.Depending on how much you make on that determines what you do once you get to CA.I would simplify your life and move to CA first and rent, dont buy anything until you know and are clear on your objectives.An average 4 plex in So Cal is hitting $1.5m - really tough to make that work. 4 units in LA is really out of whack.And do the "rent where you live and buy where you rent" much better approach than trying to buy $1m dollar shack in LA.Palm Springs is interesting and you can find some decent priced properties and some work as an AirBNB so that is interesting but I would run you calculations on standard rents and not base it on Short term rentals.

most important thing is talk to the park owner, they can make your life miserable, then do what @Rachel H. saidgood luck @Matt Speer

From what I've read on numerous places, multifamily expenses range from 45-55% of gross income.