With Prop 19, the child has to live in it as a primary residence to get the lower property tax basis.

Hey Dominic I am originally from Atlantic County but reside in Tampa now. 

My little brother is Autistic and they would like to ensure he’s taken care of to their best ability.We live in Los Angeles County.What is the best option for us as they intend to Gift me the property ?

Recently, my tenants discovered mold in my property, and honestly, I wasn't aware of its presence since I've never resided there, and previous tenants never reported any mold concerns.

@Rob K. response seems very good, but I want to add that one of the two proposed prop 13 amendment initiatives (prop 19) eliminates the Prop 13 tax bases transferring to children and grandchildren if the unit is not the primary residence (I.e. rentals and vacation/second homes).  

Not for nothing, but this is his problem until she refuses to pay you, sale or no sale ATEOTD you really don't care if the seller doesn't get his money. 

3.) as an out of state investor, how exactly does filing for taxes work when I reside in California but a landlord in Indiana?

My current focus is on expanding my portfolio by acquiring and developing a new property, but I want to ensure I'm making the smartest moves for tax efficiency, equity growth, and risk management.BackgroundI own two properties: my primary residence (Prop 2) and a long-term rental (LTR, Prop 1) that's close to being mortgage-free.

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Investment Info:Single-family residence fix & flip investment.