The ownership could be changed prior to structuring the parking arrangement, but last-minute changes without time to season the ownership change would significantly increase the risk the transaction could be disallowed as a step transaction under audit.

We used The Real Estate CPA last year and were pretty displeased.

For a little background - I have been taking a big loss on this property for the last year for reasons out of the control of my property managers.What would you do in this situation?

Through the years he enjoyed positive cash flow with the last ten years cash flowing at about $17,500 annually.  

Lastly, always keep your job and build your employment foundation because that keeps you income relevant and lendable.Hey thanks for your reply!

We have spent the last several years reading (rich dad poor dad, total money makeover, etc.), listening to bigger pockets and other podcasts, and learning about real estate.

From what I read (last week when someone else asked a similar question), only foreigners who are permanent residences or some of those here on work visas are allowed to buy a home. 

I have opened two more LLC's with them since I last posted here.

For example, I bought a duplex in a B neighborhood called Reynoldsburg for $350,000 last year.

My last deep clean 1,800sq ft relatively new and clean house but with animals was just over $500.