Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

As a landlord, managing rental properties comes with its fair share of challenges, especially when it comes to security deposits.

House hacks are fairly straightforward regardless if the units are separately metered.

(seems straight forward)B) Landlord denies the request for ESA exemption of pet fee / pet rent, but offers the applicant the unit if they ARE willing to pay fee / rent for the animal as a pet.Or... 

Use a quitclaim or warranty deed to transfer the title, and be prepared to pay Chicago’s transfer tax, calculated at $7.50 per $1,000 of the property’s fair market value.

Hello, I currently own a single family house with an ADU, and a duplex. I have house hacked both properties while updating them. I’ve done my research with (reading books, podcasts, etc) but still feel like I’m not do...

But, people tell on themselves when answering simple, straightforward questions.

Based on the numbers seems like it was a straight forward conventional loan...any challenges?

I have several Section 8 tenants myself here in Columbus, and overall, it's been a fairly easy process.

You could create an operating agreement granting one of you the powers - but it is a fair amount of energy/time/activity for someone to manage and find deals.