Closing costs, including recording fees, transfer taxes and HOA transfer fees, if any5. 

It can mean being an affiliate service provider: GC/sub trade, sales broker, debt provider/capital markets, property management, real estate attorney, real estate focused tax professional,  etc. 

Do that every 2+ years, sell tax free, repeat, and you can be set for life ("live in flips"). 

How could this impact tax matters for both companies and the Joint Venture as a whole?

And their tax advantages go away when you decide to quit and spend the money.

Working with a CPA can help you navigate tax implications, and staying focused on long-term planning will set you up for success.

Quote from @Kevin Akers: Quote from @Brittany Minocchi: Can you qualify full doc (meaning with employment history, income, DTI, tax returns)?

So we would buy the aceage and since the legal descriptions still called out lot and block we would just start to deed out the lots to get them on the tax rolls and the Assessor would change the maps. 

Anybody wishing to know more or have questions, please message me for my contact number.My original post was for removed by an administrator as they classed it as a promotion of business.

Not only will you lose your property tax exemption, but you may need to secure LTR tenants.