A revocable living trust is another option for privacy and asset protection.Avoid gifting the property before death, as this would pass the original purchase price as the cost basis, creating a large capital gains tax liability upon sale.If the property is Subject A’s homestead, ensure the correct titling to maintain Florida’s homestead protection for Subject B.This post does not create a CPA-Client relationship.

Quote from @Felicia Nitu: Quote from @Jay Hinrichs: hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.Hi Jay, the affordable housing requirement can definitely be a dealbreaker for some projects.

This has nothing to do with real estate experience. 

Can you share a link that would take me to this area, as I can't seem to find it and thus the reason for me reaching out here.

This is our boilerplate language:Insurance: Tenant should obtain a renters’ policy of insurance on their personal property.

Happy to connect and share whatever resources I can to help you get the ball rolling this year! 

If this is a property you want to buy you can make any offer you want but your owner financing offer is awful if she has any financial acumen. 

These can help you build capital while gaining valuable experience.

Hi - BP has been a tremendous help so far, so I thought I would try out this new question. 

As you read these books, watch the BiggerPockets podcasts.