What is the best way to benefit from this opportunity?

[Andrew RFL]

Hello all!! I'm new to the forum but have spent the last hours glued to some of these threads.

I think I've found the right place to hear some "logical" advice.

So to make a long story/ question short...

What is the best way of buying a foreclosed condo cash with the following conditions:

I'm the one doing all the transactions/maintenance/ remodeling and will be living in the property. I work and live in Florida and will like to deduct taxes.

My aunt is the one with the money. She does not live in the US but has a bank account here with the money.

So what is the best way of buying a foreclosed condo under my name (or our name if taxes can be deducted) incurring the least costs (gift tax, capital gains if bought under LLC. other options) ?

This will be an investment for both of us and I'll be living and remodeling the the place for at least 5 years.

Thanks guys