People who are really determined to sell their house have undoubtedly posted about it on their social media account.

I've always found the background check services do not do a thorough job so I always overlay that service with my own gumshoe due diligence  (talking directly to immediate supervisors, ensuring the previous "landlord" owns the property, checking social media, etc.).Never rely exclusively on these services. 

One potential advantage is to elect to have the operating LLC taxed as a corporation, which is taxed at a flat 21% rate (although if dividends are paid out they are additionally taxed) or an S corporation, where net income is “passed thru” to you individually but no social security or Medicare tax is due.  

The reason is that flipping is earned income subject to FICA (social security tax {14%]) With an S Corp some of your income can be a salary subject to the FICA tax and some can be a "Dividend" which is NOT subject to FICA tax.I think @Ryan Coon has said some things that might be misleading.

However, I understand that receiving the property as a gift may carry tax implications, particularly regarding the cost basis, which could result in a higher capital gains tax burden if I sell the property in the future.Given my limited experience, I’m looking to fully understand the legal, financial, and tax implications of each approach so I can move forward with the best possible strategy.

Also, some jurisdictions reassess on sale, others don’t unless major improvements are done so you'd want to check with your county's tax assessor’s office before making moves.Lastly, keep in mind the legal and loan implications of transferring to an LLC  especially if there’s a mortgage involved due-on-sale clause risk.Hope this helps, anyone else here tried this strategy or challenged their tax assessment?

I'd worry about the cap gains implications given the increase in property value. 

It feels more personal and has higher response rates than social media posts.

As you venture into the short-term rental (STR) world, it's crucial to understand the tax implications of this investment strategy. 

**Simultaneously create a full suite of matching social media posts** (for Facebook, Instagram, etc.) from the same input.3.