if you plan on holding on to the property until you die putting the property on your kids name is not the best idea because when a property is inherited its purchase price is updated to the current appraised price therefore taxes on profit when sold are minimized.

However, if you continue to 1031 Exchange throughout your lifetime and never sell and never cash out and leave the property to someone upon your death, your heirs will inherit the property and receive what is called a "stepped up" cost basis.

Will confirm with local HUD office if I can even adjust rent to market rate and if not I agree will pass on this as I may be inheriting more of a headache then I wanted.

My advice would be to really research a few things before you make any decisions:Thoroughly comparing different investing strategies and understanding eachWhichever one you pick, get lots of education on it before pulling any triggersUnderstand good debt vs bad debtUnderstand how to buy smart investments (to then lessen the risk)Hope that helps!

If not, it'll be a lot harder to move on the MLS if your list price doesn't allow for a decent amount of cash flow with this inherited tenant.

There can be a lot of unknowns with inherited tenants.

Were you legally able to increase rents when inheriting a tenant on a 1-yr lease?

I do have one question that I'm facing right now and would like your feedback - I inherited a property that is performing poorly, when do you know it's time to sell vs. keep on spending turnover money on it?

Besides, she will inherit our portfolios and will know how to preserve them.  

I've noticed that when a deal is advertised the seller almost always will mention that the unit(s) is already leased out as a benefit, however in the books I've read and the podcasts I've listened to investors have stressed the importance of not inheriting tenants.I'm curious to know what people's experiences and two bits are on this, and maybe an explanation as to why sellers boast to have fully rented out units in their listings.