Even before the covid moratorium, they could live there for up to a year without paying anything until the city finally sends the Marshall to kick them out, provided you took immediate proper legal action (and they know how to play the game).

I'd say equity is going to be bit trickier properly if you want to have it legally defined.

Nothing is more valuable than knowledge when applied properly.

At tax time, we really relied on the end of year reports we got from Stessa to properly complete our taxes. 

It’s really a matter of assessment of proper rents and knowing your rehab costs.

Since they were all month to month, I provided the proper written notice, and followed all the rules, and eventually cooler heads prevailed, the tenants all moved, and I provided a free moving truck on moving day.

I ask them to ensure the apartment is in tip top showable condition, pay for advertising and pay rent until a suitable tenant that is properly vetted can be found, just as they were.

Properly screening and selecting the right person is the tricky part.

In order to minimize these taxes, it is important to make sure that all of your assets are properly documented and organized so that you can determine what would be best for your heirs.

If you do it, go all in and do it proper.