You may want them to sell the property to take advantage of section 121 exclusion.Otherwise if they gift you the property, your basis would be their basis and you may end up paying more in tax in this situation.It is better for all 3 parties(you, uncle and aunt) to talk to a tax accountant before proceeding.

This implies there is motive to minimize cash flow if it can be realized in a tax advantaged form.  

Additionally, the Roth Ira tax advantages come later so you can't take the deductions for repairs/ supplies/ management from the current year rentals so it's hard to know if that would work out long term. 

You may have an advantage since there is very low deal volume in your area, and may have multiple bidders.Good luckGino

I'm curious to learn from your experience in Squirrel Hill , about the property manager selection that you will make and the experience with tenants.

One of the lease for a rental is about to expire and would like to change from single family to rent by the room and try, to market for regular leasing we normally go to Zillow and advertise for free, but for rent by the room not sure which of all the sites out there will be the best option(s), some of them are for free, majority pay a monthly or anual subscription ($99 to $200).Do you have any guidance on which to select?

If anyone's been on the fence about buying, now might be the perfect time to explore your options and take advantage of these favorable conditions!

I'm not sure what AZ has incentive wise but in Los Angeles because there's a housing shortage there are some incentives that you can take advantage of like...CalHFA ADU Grant ProgramThe California Housing Finance Agency (CalHFA) offers grants up to $40,000 to cover pre-development costs such as architectural plans, permits, and utility connections.

The fact that you’ve also seen the benefits of rental property firsthand through your father is a huge advantage—you already understand that it's not just about passive income, but about management, long-term thinking, and building wealth steadily.Since you're familiar with analyzing risk and returns from traditional investments, transitioning to real estate can be as analytical as you're used to—cash flow, cap rate, CoCROI, equity growth—all of it maps well to your skill set.

Is there a difference and what are the advantages?