She suggested then that in order to be able to maximize our potential deductions we should either become an active Realtor or put the property under an LLC.I've read in several posts here in BP that transferring a property into an LLC doesn't necessarily improve our tax situation.

But I will consider the matter over, even though you aren't big enough to apologize.Now, as I have always said, "when properly trained, an investor using Creative Finance, always records the Deed, Uses a Title Report, clears the items on Title, Uses Escrow, pays all back payments, pays any transfer taxes, brings the property taxes current, brings the HOA current, brings the electricity, water and lawn care current, writes a check to the seller for their equity (for whatever the agreement was), gives the seller a comfortable amount of time to locate a place to move to, takes the property "as is" and makes every payment in the correct amount, on time.

Because it is a transfer it is not a refinance.

Also, depending on the municipality, sale of membership interest may technically trigger a transfer tax.

You also need to have a qualified intermediary.The replacement property for the exchange must be identified within 45 days after the property being given up is transferred.

You'll have doc stamps on the deed transfer in FL.

Once it's in probate, the court oversees the sale or transfer of the property.

A lot of investors don't talk about the "drag" from selling paying transfer taxes, loan origination fees, agent commissions etc.

No Quicken please, we get emails every day to transfer and convert their data to QuickBooks

Some people make the mistake of trying to hide the transfer.". . . plus the recorded deed provided my phone number & that ownership had transferred. . .