Each situation will be different and you'll have to sell them a little differently (butmake sure you treat each resident the same, can't stress that enough).What we've done with some success is to tell the residents that we are selling the homes, no ifs ands or buts.

@Tara BaldaufIt would be nice to treat as a primary residence than a flip where profit is considered ordinary income from the sale of inventory as opposed to investment property.

Many investors who are already active personally in a specific asset class want to treat the IRA as an extension of what they are already doing, which is not the case and where one will run into roadblocks or compliance issues. 

Were any repairs made to the damaged areas....because one way of treating termites in walls is to spray a termiticide foam at the top of the wall and let it drizzle down killing what is in the wall.

It is right around the corner from OCF's new development on the former chocolate factory in graduate hospital.

It is right around the corner from OCF's new development on the former chocolate factory in graduate hospital.

This $23K would be treated as a loan to be paid out in escrow.

As long as the LLC is a single member LLC and a disregarded entity, it would be treated as if he was the real owner of the underlying real property. 

The parent will stay living at the property but POA will hopefully be used to transfer ownership to their adult child Will this be treated as a purchase by the IRS and is it a straight forward transaction?  

things to consider,, check with the city and zoning and check is ok to treat it as a short term rental .