Do you offer tax services in Michigan? 

Mindset Episode: Real Estate podcast Ep 437: How Your "Worst Case Scenario" Can Set You Free From a Job You Hate with Marie ForleoHouse Hacking Episode: Money podcast Ep 95: The House Hacking Strategy with Craig CurelopFinancing/OPM Episode: Real Estate podcast Ep 336: $900 to $4.5MM Net Worth by 34 with Robert Jones

Using the lifetime limit, you'll have to file a form, annual gifting below $15K needs no filing.The advantage of using the FMV is Conrad will have a higher basis for depreciation and when he finally sells the property lower capital gains.As to imputed interest, in our case, my M-I-L didn't want or need for us to pay it, so it's her decision to refund it as a gift.

In 2005 I lived in Michigan and we were experiencing a huge crash in economy, building real estate...In 2007 I took a job in Southern California.

@Patrick M. I

This is a summer rental on a lake in southwest Michigan. 

Read it again Mary. 

Originally posted by @Mary M.

@Bobby Larsen @Mary M.

@Mary M. that may be my best bet.