Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.

While not mandatory, a specialized accountant can reduce errors and provide significant tax-saving strategies tailored to your situation.This post does not create a CPA-Client relationship.

Sometimes you might want to go extra on something like the master bath or contemplate other exit strategies.

It sounds like you have a lot of experience in this space, and I'm always interested in learning more.I think one takeaway is that this is a difficult asset class to own and operate, and just like @Jay Hinrichs mentioned, having a great team is essential!

Why gamble on the future when you know you can make something today and have an exit strategy for the future.

@Collin Hays@Jon Martini agree that tax considerations shouldn't, by themselves, drive business strategy. 

Are there specific qualities or terms you look for that make the relationship a good fit for your investment strategy?

We're open to other strategies, but believe that sounds the most ideal so far. 

The "big" firms like AA may get a lot of hype but they generally can't compete on the next level tax strategies (Family office type strategies) nor customer service as their employee turnover is quite high.  

WaveApps - cheaper than QuickbooksHiring & Onboarding: Any platforms or strategies that have helped you scale your team?