If you've dealt with this how much did it cost and how much time did it take to resolve it?

He told me that without installing a sump pump system (at a cost of $12k), the foundation will continue to deteriorate, which could eventually lead to bowing basement walls—an issue that could cost upwards of $50k to fix.The inspector asked if the previous homeowner disclosed any water damage.

I’m trying to increase my presence to the local renter population.

Materials have increased more than 20% in the last 5-8 years.

Most cost segregation firms will provide a free cost/benefit analysis quote to help you determine if the tax benefits from the study will outweigh the costs.

There's no cost to use, and currently $25 fee for applicants. 

-Transfer the property into an LLC – This may allow me to take ownership while potentially avoiding property tax reassessment, however this sounds like an involved process-Establish a living trust for my aunt and mother – The trust would specify that I inherit the property upon their passing and provide step up in cost basis but i'm worried that the living trust can be modified to have me removed (who knows what can happen) - My mother is somewhat volatile.I would like to live in the property and my mother will live in her second property with her husband. 

It has been a very bad and costly experience. 

@Jonathan SniderFannie and Freddie do have LLPA's and the lower the down payment, the higher the cost.

Eventually you may be able to find a commercial lender that will loan purchase and construction costs up to 75-80% of ARV and you can eliminate a few of those steps.