The folks here are giving you solid advice to do everything in your power to avoid taking ownership until he passes.

(Could be process, communication, or a number of other things).Now the thing I'll mention that you might want to chat with someone about is that many folks don't take the Sec. 121 exclusion into account for situations like yours.

Bette,Great piece for REI's.Like all IRS stuff, there are sublties, so I refer folks to IRS 587, for MORE information than they really want. ha ha

It is done once, and the game is over.Myth 2: My STR can sometimes be enjoyed by my family and friendsOf course, you're entitled to use your own property any way you want.

Also, I have heard success stories of folks finding good contractors at the home improvement stores early in the AM.

Entitlements go a long way towards lender comfort as well. 

Most “service dogs” are not service dogs, just like most folks parking in designated handicap parking places are not legitimately handicapped.  

I rent to folks with disabilities, my advice would be to take "disability" out of the equation and vet them just like any other tenant such has been suggested above.

Some folks, assuming they have time and renovation experience, would use the $100k for a flip and leverage HML for the rest of the financing.Others would use $100k down to buy a $400k property and call it a day.It really depends on your goals and schedule.

Hi Folks,I bought a property in Harrisburg, PA about a few months back with a conventional loan on my name.I would want to transfer the property to my single member LLC.