Not advertising a deal, just trying to understand what “market” looks like.Hypothetical (but based on a real situation):- Location: Central Los Angeles, Jefferson Park–type area- Asset: Existing 4-unit multifamily on a single parcel- Context: Within walking distance (~0.5 miles) of an E Line / K Line rail station, so it appears to fall into a transit-oriented development (TOD) pocket that should benefit from SB 79 upzoning (higher minimum density / height / FAR if standards are met)- Ownership: Held in a family trust tied to a probate / conservatorship, with a court-supervised mandate to (a) preserve the asset and (b) use it to support an elderly beneficiaryThe family side can realistically contribute **land only**; they don’t have the balance sheet or cash to run a full entitlement + construction process.

It was a rollercoaster ride to get things fixed because the tenant was not cooperating properly, and it seemed like he didn't want me to address the problems.

If not, maybe you could look into 1031 exchange opportunities if the property won't work for your overall plan.If it does work, seller financing from your mom or putting the condo into a trust are the two best options to avoid capital gains.

He is willing to sell at a discount (with or without a seller note) or to put them into a trust with me as beneficiary as long as I agree to take over all management responsibilities (directly or indirectly).

With our twelfth STR closed or under contract including several prime luxury STRs on the Oregon Coast this year - I thought it would be prudent to share some answers to common questions regarding LLC Closings or transferring properties to an LLC or Trust post closing as we approach the close the window on material participation for 2025. 

Quote from @Dawn Hryshko: Here’s how to do it the right way:* Build trust first.

You can also send an introductory email connecting both sides, which helps ensure cooperation.It’s smart that you’re addressing this early in your investing journey—it’ll give you more peace of mind and better long-term results.Best of luck with the switch!

Quote from @Bo Tully: Hey BP community,I'm looking at a property in a trust where the trustee has passed away.

Quote from @Adam Macias: A 50-year mortgage sounds like affordability — but it’s really it'll be debt that never ends. lolOn paper, stretching a mortgage from 30 years to 50 lowers the monthly payment, yes.But in reality, you’re paying far more in interest while barely building equity for decades.If you buy a house at 25 years old if you're lucky, you'll be 75 when the mortgage term ends...It’s housing that feels like ownership but functions more like renting — just with a longer contract and a higher total cost.The real problem isn’t the length of the loan.It’s the affordability crisis that’s forcing people to consider lifetime debt as a solution.Until we address prices, wages, and supply, extending loan terms only delays the inevitable...The further elimination of the middle class chasing the American Dream of owning a home. 

The LLCs are owned by my spouse and I via our Trust.