@John Kelly You’re right that transferring your homesteaded property to an LLC can often disqualify you from the homestead and veteran tax exemptions because these typically apply only to individuals, not LLCs.

BP should have a rule against giving terrible advice. 

One thing to watch out for... it is a tax, but not an income tax (so it applies to Roth accounts as well). 

But the rules of the 1031 exchange will let you accomplish what you want without doing that too.

While they are living there and doing renovations, I will discount the rent and apply the discount to the renovations.

@Eric McginnHalf the "fun" of seller financing is there are no rules... it really comes down to how well you can negotiate and how much the seller is willing to work with you. 

I've found quite a few in 38111 that meet the 1% rule. 

This relates to that MLS ruling from earlier this year.

The rules for each are different, and the allowable assets under Medicaid can vary by state.

As a reminder, our rules require all content to be human generated, based on your own knowledge or experience.I'm shutting 'er down.