(I cannot move far since we shared my son).Due to all this mess, we had to sell our house and now I live in a small condo.

If I would have bought in Texas I would not have gotten the same capital gains.I think with Bruce he saw opportunity in 2010 to come back to his home roots of the inland empire and snatch up houses that got crushed in value instead of hold on to Texas or really most mid west properties that don't move a lot in the way of appreciation.Aaron may know more or Even Bruce's son post on BP he might be able to fill in the blanks but that was what I surmised from his presentation in San Jose that evening and again its just my reading between the lines I could be way off on why he told texas to return to CA.

My son does all the realtor stuff for us now and he also has a minimum commission.  

I assumed that you and your spouse own the property together and you file income taxes jointly, and that the LLC is a disregarded entity (essentially, the IRS sees a “disregarded entity” as not separate from its owner(s) for tax purposes, even though it might be legally separate from the owner(s). On

My son did Basic Training at Fort Benny, I used STR visiting him there once so I can imagine you will have a lot of different types of guests.  

My son is in college and likely letting his rental go.

With my time aka freedom, I'd get to attend those camp trip with my son's boys scouts.

Bought them as a way to have a side business for camaraderie with his son.  

I'll be purchasing a property in AZ next year to rent to my son and several of his friends when they start college and I may turn my vacation property into a rental as well.

Her sons want to sell me the house because they know my mother still lives 4 houses down and being close to family is important. they are willing to give me "first dibs" by talking to me about prices and options.The sellers: One brother is retired, lives in FL (the property is in CT), and is pretty much removed from the situation.