You could structure the deal as an installment sale or a lease option so the property owner doesn't see a large capital gain tax payment for the sale.And good on you for helping out!

You need this property because of the tax code --its one of the categories where a taxpayer can meaningful reduce tax liability.

v=T8-85cZRI9oI think it's ironic that the so-called experts that are calling bubble on bitcoin are the same ones that purposely create bubbles to enrich themselves and leave taxpayers holding the bag.

In non-community property states a husband/wife LLC is supposed to be treated as a partnership  And transferring from a revocable trust (reported on your 1031) to a partnership LLC (that files it's own tax return) is changing the tax payer. 

Thanks, DanyaI'm licensed to support taxpayers in AZ. 

Does your mortgage include your property tax payments?

There are several articles that do an exceptional job of explaining who, what, where, why and how tax payers qualify for the ‘STR Loophole’ listed here:The Short Term Rental Tax Loop Hole: A Game Changer for W-2 Wage EarnersThe Short Term Tax Rental Loop Hole: What Investors need to know The implications on the Oregon and California Coastal STR market is a strengthening buyer pool for luxury rentals in the $750-1.5M+ range.

In my experience, 75% of the time, the tax payer doesn't have a large enough liability to justify the accelerated depreciation anyhow- depending on your income and tax bill, it might not matter at all.

And best part, all the offsets to it could readily make it a net-0 added expense to tax payers.

However, there is no way to do so without risk.The Internal Revenue Services issues three (3) Private Letter Rulings (PLRs) that allowed the taxpayers to do just this.