It’s going to be considered a flip and you’ll owe regular income tax plus 15% self employment tax.  

The father in law sounds like he has some mental health issues and is a busy body going around making up problems...his daughter told me he is a really handy guy and can help fix things around the house if I like and I told them no.

Come up with questions that will give you new insights.Tonality, body language, and hidden cues can reveal a lot about the property sellers and their intentions.

Buildings are a combination of many systems that must work together...like the human body, or a car. 

Any body have experience using it or any other diy cost seg software?  

Engage with local officers to gather insights about the neighborhood, and don't hesitate to ask them specific questions about the property.When touring, pay attention to tonality, body language, and hidden cues from sellers.

How to Vet: Look for CPAs with STR expertise and cost seg firms certified by reputable bodies like BP, with positive reviews and case studies.Start with a CPA to build a strong tax strategy for your STR.This post does not create a CPA-Client relationship.

I drove my 1979 GMC square body everywhere, loaded it with tools, and got stuff done.

I was informed we cannot perform a regular Sub To, so the loophole we found was to place the property in the trust and list me as the beneficiary.

That way you will know whether any taxing body is on the cusp of a tax increase.