Looking to schedule under delayed financing exception, from the lien being recorded, paying it off at closing, and the transaction mimics a cash purchase.Concerning the property transfer would be filed as form 709 (life time gift exception) from the current owner to me. 

It means maintaining your standard of living throughout your lifetime.

@Julius Vincent There's no plans to sell property in my lifetime. 

I wasn't eligible for any of the stimulus money but I suspect some people who were working or on unemployment didn't use it to improve their savings, investment options etc. and wasted a once in a lifetime opportunity. 

I don't think they will be lower than they are right now for the rest of our lifetime.

Bumping the assessed value up a bit before applying the 2 percent cap gives you a cushion, because taxes don’t always reset immediately to purchase price but they often trend that way over time.

And I had a very strong feeling that I was in the midst of what might be a once-in-a-lifetime low priced market where properties could be bought for less than their replacement cost and at all-time low interest rates.

If I have $500,000 to invest and am looking for income, I can draw around 4 percent from a high yield money market brokerage account through Schwab or Fidelity. 

With solid occupancy, reviews, and repeat bookings, the extra few percent in fees gets absorbed pretty naturally.That said, I can see the math making sense for people who want to stay 100% whole on every booking.

For many that means aiming for at least twenty percent of the after repair value.