This is Ventura County but no VC option on Bigger Pockets Personal Finance forum

One you get into the $350K to $550K price range you should be looking at 3-4 unit style properties or even 2-unit/Duplex style homes with a good size lot that can also offer an ADU option to increase rents without construction to the subject property.

This would help you avoid the need to do any type of reassessment and therefore avoid the need to file any property tax exemption/etc with the county.Additionally, this option would give you guys the flexibility on whether or not to move in while also offering you the capital gains protection via the Step Up rule (https://www.quickenloans.com/l...)

Building an ADU is an awful idea as you probably will not get that $ back and build yourself in a deeper equity holeComes down to either sell it or keep it, and really it’s a personal choice as you either lose a lot of $ now or lose it over time and hope it appreciates some day in the futureWe'd lose $500K...so that is not an option.  

If the property has already transferred to three siblings, the act of a buy out will trigger reassessment on 2/3 of the property.If the property is still in trust and has not yet been distributed, there may be more options.

I am just looking for a few extra referrals to add to my options; that's all... 

For cash flow on STR, downtown B areas such as Pendleton could be a great option.

OR, would you do a cash option and pay using a HELOC on our primary residence?

Trying to figure out if the rental market is strong and also if lease options works well in this area.

I am sure he attached his information to the mailer, there is no harm or foul in calling and discussing potential options!