Essentially you create a parent LLC with each property in it's own secondary or child LLC.

I agree 100% the passing of a child is sure to draw the ire of the AG and the Feds. 

I mean Joe Montana is a very successful Developer same with Steve Young.. and Ronnie Lott has done well in RE also.but I bought a big mansion that was 3/4 done from an NBA star and he was not business savvy at all.. and on top of that had about 7 or 8 baby moma's all with child support judgements against him ..

If he were an adult, perpetrating a crime on a child under 12, I wouldn't touch it with a 10-foot pole.

We just had our second child and are outgrowing the house so we want to purchase a bigger house while keeping our current house as a rental property.

Would like to 1031 the cabin and assume loan on house but my monthly income is child support $1137 for 1.5 yrs and a lame income of $800/month.

I need a primary home for me and my child and dogs.

They’re going to owe capital gains and depreciation recapture if they sell it to their child.

@Raghavendra Jakkani wanted to add that some states, source of income is protected so you can’t exclude income sources that may come from child support, government assistance etc.

So, now a tenant with SIX children in the home is arrested and charged with 3 counts for rape of a child.