And when you pass away your heirs get the property stepped up in basis so the gain goes away and the property is tax free to them.

Just about every time, "Click Calendar on the left or hover over it and select Reservations" is one of the steps.

I found that the property resides in an unincorporated area with no zoning requirements, but city water and utilities can be accessed.Not knowing where to begin we are hoping for guidance on steps. 

If you do pursue this option, just be sure it's in an area you feel comfortable with.

The hard money lender will still analyze the deal but they are more concerned on the refinance step to make sure you are good. 

Good Morning Bob,There are a few steps you should take just to make sure your property is going to actually rent out with these tenants.

If the owner dies then the basis gets stepped up but your contract remains valid.

Hi @Dali Suarez,Congrats on wanting to take action as that's the most important step! 

I'd planned to sell my current 4 bedroom rental property and purchase a duplex-fourplex for my first step.  

I have come to the forum to see if anyone else has had this similar experience and what steps did they take to not allow this situation to stop them from investing?