I live here in DFW Texas, I owe $12,000 property tax.

That would accomplish exactly what you asked - to split the gain and tax across two tax years. 

In MLS systems that use the Core Logic Matrix system, which is about 50% of MLS systems nationwide, square footage is pulled directly from the governments tax records.Additionally, there is no standard way to measure square footage.

They love knowing more voters/tax dollars are potentially headed their way 3.

Expenses naturally rise with inflation - insurance, property tax, utilities...Those two factors, by definition, result in lower NOI down the road than in-place/year 1 NOI.

The problem in this case is the seller's primary reason for selling is he wants cash to pay off credit card debt.

If 2795 is the current market rent for a property like this, then you might raise it a little, so by 50-75 each year after the current lease ends to cover cost increases (prop taxes, prop insurance, labor costs, etc). 

Less affluent areas that will benefit greatly from occupancy taxes and tourism may be a better bet.

That might be something to consider, and we got a tax break as well.

The only concern if doing quitclaim will trigger home reassessment, that will push property tax higher.Comments and suggestions are welcome.