The net-net is no one in their right mind with competent advice from a tax professional would put a personal residence in a corporation.

If they insist on their "zestimate", kindly say thanks for stopping by and move on.As for your 2/3 BR issue with Harris county, dude, don't stir that pot.

I then left him with the advice to try and find a realtor and maybe market it himself on craigslist but to beware because that is where newbie investors that don't have a pot to you know what in go to search for their first deal so he will likely get a lot of calls from people that can't really close or have no clue what they are doing.I just wanted to help the guy out and build some trust in case he changes his mind later on down the road.

Just because you put thousands in the pot to invest doesn’t mean it’s not labor.

I have gotten private money from some strange sources and circumstances over the years, I just want to make sure it is in the pot for me to use, it belongs to who put it there, and I am the only one who can remove it. 

I like to have three distinct pots of money, rentals that cash flow, 401k and then an after tax brokerage account in the market. 

into one pot and move on to the next project--ideally a multifamily. 

I was going to take a cheap pot shot at California liberals in general, but may be some other time..LOL 

So, I've got a few irons in the fire and would love to have a jam session to share what I see as viable and learn from you all.I can be reached at my first name @ travisgreen dot net (I only check BP once every few days). 

Plus, the stove that was new when they moved in is filthy and has been damaged by their cast iron pots they sometimes use (gouges out of the surface).That said, they've lived in this property for 5 years so some wear and tear is expected.