File for possession.

More than likely, he just needs to document the gift in his tax filing, and as long his total gifts are under the threshold, he'll pay no taxes on it (nor will you - until you sell it).Another option to explore besides gifting: you and he could set up a seller financed deal, where you pay him a small amount each month/year, which would keep his taxable income lower than if he accepted a lump sum payment.Double-check the above w/a CPA.

Once the contract has closed and you are all done, I would consider filing an ethics complaint with the State to put this agent on notice that they can't behave like that.

And, you won't really know if you messed up your corporate veil until somebody files a lawsuit against you.That's my layman's understanding of the situation.

So just just do whatever your State/municipality requires to register a sole proprietor, file for the EIN, then you should be able to get your solo 401k.Make any sense?

There was a section on BP for sharing PDF files and spreadsheets.

First off, @Nathan G. is right on, second HOA liens "usually" have priority over most other forms of creditors, so I suspect you will want to file one.

You can use an entity structure to somewhat reduce the likelihood of an audit but even that can fail to prevent your file from being pulled.Generally speaking, your audit probability goes up as you make more money and file a Schedule C. 

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.