Quote from @Sylvia Castellanos: A year ago I bought two quarter acre vacant lots in Villa Ridge located within a few feet of each other around the intersection of Lavonna Drive and Lynn Drive with the intention of reselling them.

My intention is to gain  a broader view of whether it was for me or not in my real estate journey. 

Take a moment to reflect on how many folks you'll serve if you just follow through with ONE intentional act daily..

Not necessarily saying there are nefarious intentions, just be mindful of that and figure out what you want first.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

If you told the seller that you have no intention of buying their house and that you are going to wholesale it, why would the seller expect you to have money in your account if everyone knows you are not buying the property right?

@Stuart Udis not sure if you're reading too much into it or trying to make some kind of point but that's wasn't my intention.

The other, is a two-family home that I am house hacking at the moment, with the intent of fixing it up & eventually moving on and placing a tenant in the unit I currently live in. 

The IRS treats your LLC and you as the same taxpayer, so it’s ignored for tax purposes.If you want to keep it under the LLC, you’d be looking at a DSCR or commercial loan, which usually comes with higher rates but no personal name transfer needed.Either way, the key is to document your intent clearly and keep your accounting clean so the IRS and lender see a consistent story.Best of luck with your project, and happy to connect!

If your sisters were truly co-owners for years, their portion’s gain/loss will likely be different from yours — but if their names were only added for estate planning and your parents still retained beneficial ownership, all of you might qualify for the step-up.Long story short: the IRS cares about ownership intent, not just whose name was on the paper — and that distinction can make a big difference here.