@Dirtdog I went to U of A and work at Chapman. At Chapman I serve as the staff advisor to the undergraduate RE association and formerly ran admissions for their MS in Real Estate program!
Would love to chat more into this if you need!
@DavidEvans9 Not a CPA but cold call hundreds of OC multifamily owners every week. The main sentiment for the long terms owners is an emotional attachment to the property. i.e. dad built it, friends with tenants, etc…
With a dirt cheap tax basis it’s hard to let go of the asset.