Yes, an assignment, you need to document the consideration and if you have a note servicer to let them know (or borrower) in writing, we can help prepare these documents for a flat fee.

In reality, treat your rental like a business and prepare for a rainy day. 

People will buy small multi-family at break even all day in Utah/Saltlake County so it's really competitive and if you aren't financially prepared for initial expenses and no/low cashflow it might break the bank.

I'm preparing an offer on a SFR in the Seattle area (Eastside) ahead of the offer review date.

@Steve Dudeck@Steve DudeckHello Steve, I have never done 1031 exchange but planning to do so in year or so so this is how I think it works (based on what I read so far for understanding the process and preparing for it).Capital gains are always calculated from your the last year depreciation mark.

I have to sign on for 6 months with them to get access to the list and I'm not prepared to do that yet.  

So that changes things quite a bit.I think you stretched my brain to come up with this as a possible answer, "Adapt as you go and be prepared to wear different hats for different situations, depending upon the size/makeup of the deal."  

So we that prepare for the worse. 

Quite honestly, it might be better if they left you off Title and just let the property pass to you upon their death --- if they haven't already, they should have a Will prepared. 

So be prepared to dig.