While gifts exceeding $18K per year (2024) require filing Form 709, they don't create an immediate tax, but the IRS may scrutinize this as tax avoidance.Tax-Saving Alternatives:Prorated Section 121 Exclusion – If you lived in the home part-time, you may qualify for partial tax exemption.1031 Exchange – If your share was an investment property, reinvesting the proceeds defers capital gains.Installment Sale – Spreading payments over time may reduce your tax bracket.Adjusted Basis Review – Factor in capital improvements and selling costs to lower taxable gains.This post does not create a CPA-Client relationship.

Which directly ties into the liability of non-permitted and uninsurable properties built in trees by unlicensed builders. 

So, I'd look to the other properties and ask whether the ones on the street also had only street parking versus access to a driveway.

You could arrange to have your cleaners accept the deliveries at the property or hire a local handyman to do same and even assemble furniture.

Quote from @Lawrence Mitchell: Yes I am@Lawrence Mitchell What type of property are you looking to house hack in, SF or 2-4 MF?

I do things a little differently and I do not expect others to follow suit, though they may if they wish to.I find properties that are not on the MLS.

Cleveland and Dayton can be great markets for high cash flow and low purchase prices, but you need to be careful when navigating the neighborhoods so you're not buying in a D/F class area where no property managers will manage and where you'll never see any positive cash flow.

I furnish about 80% of my properties off of facebook market place and places like that. 

Once the news came out, he flew to Indy to check on the properties and found out they were actually vacant, unoccupied and had never been remodeled like he had been told that they were.

- If you are putting an offer in on a property to get that property under contract, part of the contract is that you put up earnest money.