That way I wouldn't be subject to long term capital gains tax and save a decent chunk of change.Also, my understanding of gifts, in this case money, is that there is a yearly limit to how much you can give someone without having to fill out form 709.

I joined with the intent to surround myself with others in the field and build my confidence and understanding of the subject matter (:I live a disciplined lifestyle when managing my expenses and living below my means.

There are people who buy a longer term (12 months or more ) OPTION giving them a RIGHT to purchase a subject property, at a certain price, within a certain amount of time, and attempt to either sell the option for a higher price or close on a simultaneous purchase and sale to an end buyer paying a higher price.  

The seller will always retain the equity and would receive annual distributions - and could structure the agreement with an exit strategy that makes them comfortable. 

This had me thinking if I'm wrong and would like to start a discussion on the subject to see what ever one else does.

Opinions vary widely on this subject, but consider getting a real estate license.

It’s simple and ensures the cost is distributed fairly without adding extra steps for you.2.

Their animal is still an animal and subject to typical animal rules.

I can speak on behalf of our company, we do not like this portion of the law considering it is very subjective what "intact" or "deteriorated" conditions may be.

Good you are researching this topic - I also love subject tos and have written a book on the topic.  2.