Yes, do the tax exchange if you can.  

Looking forward to sharing insights and learning from everyone!

I've done it at times, sometimes 6 figures, but always do it so that there's no tax burden on my recipient.

This is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Lessons learned?

Lessons learned?

There have definitely been many surprises along the way and lots of lessons learned getting our bnb set up.

Since the trust is a disregarded entity, the benefit is bypassing  probate, not tax issues or liability concerns. 

Home went to tax sale county kept excess proceeds.