Bought in 2018 for $491K and his it's easily worth $620k.

So my opinion is that the house is worth what others in the area are worth, regardless of the income.

Why did you not conduct some diligence on their track record and experience before signing up?

So if you bought a property for 300k 20 years ago and you pay about 3k in taxes(even if it is now worth $2.5mil and 25k in taxes), you would continue to pay 3k per year for all those years.

Ideally the parents want to use prop 19 to move their tax basis to their replacement property (worth 925k).

My plan is to keep staunch records for money transfers, and for this large contribution, record it as a loan from me to the LLC.

We own the house we live in and it is worth more than 1M.

But I don't know if it's worth maintaining.

The main bulk of my net worth has come from appreciation and not cash flow.

I want to buy an investment property out of state, and I'm considering Fort Worth, Phoenix, or Durham (NC).