If, however, the kids inherit the property, they take a "stepped up" basis or "step up in basis" and their basis becomes the fair market value on the date of death.

Request a the death certificate.

I think communication gap is minimal...I come from a family with both extremes of college educated...ill say wealth..but none were high society type and poverty/deaths of drug overdose.That combined with my 15+ years in customer service I am confident in that area...however the overall point you make is a good one and something to keep in mind.I guess I need to re-look at the market and possibley look for a lower price point with higher standards and see what comes back....I also guess any cashflow I can just eat for the time being as extra savings towards repairs...the mortgage is set up on a 30 year note...I could pay it off much sooner too to work towards letting someone else manage it..

Those would be the kiss of death in a legal dispute.Dan

Hello all,I've got a ways to go before I could make the leap to REI full time and support my family so was looking to transition into a job more closely RE related in the mean time.A company I've heard about for years and seems to get high marks on Glassdoor.com and in other publications as far as employee feedback is Toll Brothers Construction.If anyone here has ever worked here as a Project Manager, or on the development side, would love your feedback, or if you know anyone presently working there who would not mind perhaps conversing with me on the phone or via email I would be more than grateful for the introduction or insite.Relo for me would not be out of the question to CO, TX, AZ, NM or NV.  

I have heard of people saying it should go in the LLC for protection but the trust for its benefits in tax savings for beneficiaries/heirs upon death...

Am I able to redeem the land in my name if I produce my grandmother's death certificate?

In otherwords, there is no-such thing as an earthquake-proof building.But we can greatly reduce the chances of damage, injury, or death in existing buildings by retrofitting them (we know a lot more about proper construction than we did even 30 years ago.

If he is that much of a headache - and it seems he is going to continue with his abusiveness and continue giving you problems - it seems like it would be worth it to let him leave if he wants to so that you can get a better tenant in his place- the mental and physical toll this tenant will place on you does not seem worth keeping him around and then trying to "punish" him for resolving your problem by leaving  seems like it would only stretch out the inevitable.

The RM company has to be repaid upon the death of the person that was granted the RM.