This perspective goes beyond merely buying and selling properties; it involves a strategic approach to wealth building and risk management.

However, that won't work for several reasons:  1) The lender is not going to finance the $15k assignment fee2) The lender isn't going to consider the purchase price in this example to be $150k, they would typically use the $135k price in the original contract, and 3) In this particular example they may not even use the $135k price because it's not an arms-length transaction since it ultimately boils down to a deal between you and your father.I applaud you for trying to be creative, but ultimately what you're proposing isn't going to work and it's going to make the transaction a lot more complicated than it needs to be.

I only have one rental unit.Hope this helps

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It’s awesome that you’re now ready to dive in and start exploring. 

Have your heirs repeatMany wealthy families do this over and over again and pay little to no taxes as their RE portfolio continues to grow.

This one was a fun one, with no real major issues, just needed a lot of repair and updating.

Here is an excellent article on housing market expectations on appreciation from one of the world's top investment banking firms Goldman Sachs: What are some of the big differences you’re seeing among US regions?
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was curious if anyone has any opinions about the potential for this location.   

Purchase price: $320,000 Cash invested: $90,000We bought this property off market from a wholesaler what first started out as a partial renovation ended up being a full renovation.