Goal is getting rents to market at $950+/unit. 

There is good news and bad news: good news is that there is a stepped-up basis as of the date of the gift of 50 percent of the gift date fair market value of the property as far as you are concerned for capital gains purposes.

Hello BiggerPockets, I recently got the opportunity to purchase an off market property in Las Vegas about 15 minutes west of the strip.

@Ugo O.Here is a "general" rule of thumb that I use for my market in Jacksonville FL.

On market, offered 30K below asking and got it How did you finance this deal?

On market, multiple offers so had to pay above asking.

@David MinayaEvery market is different, and every property is different. 

On Market deal that was sitting for a month.

I hear the market is great. 

I’m locally at the Las Vegas, NV market.