I'm thinking that might get pretty complicated because liquidating treasures for that would not be easy. 

But there are hybrid ways to structure this for you to get more profit but keep your tax status but a little complicated to describe here on BP>

I’d definitely get a couple more quotes and make sure the scope isn’t more complicated than it needs to be.Also, take a look at rental comps in the area - specifically ones with that extra shower - to see how long it'd take for the added rent to cover the reno costs. 

Super complicated and an absolute specialty I dont know how smaller players bust into this. 

It’s designed for people like you who want to generate profit from real estate without all the complicated details.

Because the owners of Licensing Experts pay ALL CASH, the closing usually occurs 3-6 weeks, which is very fast compared to traditionally financed commercial deals I've seen on Bigger Pockets.The whole thing hinges on their very clever technique of getting existing commercial retail tenants engaged, willing to move into their newly acquired properties who are coming up for a lease renewal or lease expiration, rather than marketing for new commercial tenants - which would take way too long.Licensing Experts is somewhat of a "front" for their Mentorship Platform, as they evidently have many of their own separate entities for which they use to actually purchase and close on their commercial properties assigned by their mentees. 

Quote from @Stuart Udis: Selling complicated and expensive entity structures is big business.

If structured informally, though, it could raise legal and tax complications, so be sure to put any such arrangement in writing and review with a tax or estate attorney.In all scenarios, be mindful of gift tax rules (the 2025 annual gift exclusion is $18,000 per donor/recipient), capital gains implications for your parents when they sell, and your own debt-to-income ratio since you already own another property.

In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.

To get this more complicated, the city says that because the flipper doesn’t have a permit record, you can’t get her legally responsible.So, in general, who is responsible for checking permits and code compliance during a property sale?