Picture this: Elderly parents own the family home but have unpaid IRS debt with a federal tax lien filed.

The money is great and I am currently living with my parents.

.- Both homes are currently owned by my parents and I'll be purchasing directly from them.- These will be investment properties, not primary residences, as I currently live in San Francisco, CA.- I've already started the pre-approval process with a credit union based in North Carolina, but I'd love some help understanding how to structure the gift of equity correctly for investment properties, what documentation may be required, and if there are any specific limitations or tax implications I should consider.- My goal is to close on both homes by the end of the year or early next year.If anyone has experience with gift of equity transactions for invest properties -- especially in North Carolina or involving out-of-state buyers -- or can recommend a loan officer, lender, or real estate attorney familiar with this setup, I'd really appreciate your insight.Thanks in advance!

Best part is parents will co-sign and once the cycle starts each year the student will find replacement roommate. 

Maybe his parents were creative?

My parents file married filing jointly.

An LLC can be taxable in Tx for Franchise purposes.2) Sub to parent liability - the holding company can still be he liable for actions of the subsidiariesThe same result was reached on similar facts in Davis v.

Quote from @Kenneth Crawford: I recently inherited a Dollar General store from my parents.

The parents want to be in the best school district they can get into, that is also convenient to work.  

Withholding rent is a nuclear option that the tenant went for, so in my opinion you should do the same.