Newsflash: Our small apartment complex sold and the new landlord/owner is offering tenants cash for keys ($20,000) to move out.

We are considering the offer, even though we love our home. It’s pretty scary, however, as rental prices have doubled since we moved into our apartment many years ago. As you’ve probably guessed, we are in a rent control unit. If we do take the offer, any idea how it would be taxed in California? We are a family on a budget, and it would drown us if we ended up with a 6k tax bill next year. Thank you for any and all advice!

Read more at https://www.reddit.com/r/RealEstate/comments/6rhm78/our_small_apartment_complex_sold_and_the_new/?utm_source=ifttt

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