This IRS opinion is subject to change, especially if they can determine a business intent or future business intent.Excellent point...in this type of strategy the ONLY function of the LLC should be to hold title to the primary residence.

I would imagine the long you're talking about functions same way.

In the old days we used to call that functional obsolescence.

So you will only cost yourself additional filing fees as well as the possiblity of additional state income taxes depending upon the state your LLC is from.Btw, you can use the search function to find many topics such as this that have been discussed.

I pretty sure, use the search function "Wholesale double closing"

To me, a bad inspection report says "water heater was working at time of inspection with no noted issues" while a good one says "although water heater was fully functional at time of inspection, the serial number indicates it was manufactured in 1997 and therefore may be near the end of its useful life".

Again while California and some other states may have some better functioning condo markets, the lessens learned stem from the broad picture of the whole nation.

Doing the minimum only brings the market value up a minimum amount, the real gravy comes from the finishing touches, and that is not just the literal finish touches, sometimes, that includes moving an interior wall or two to improve the layout, flow, or functionality of the home.

In structuring our entities, (we function in Florida, Georgia and soon in Texas), we have been informed that, "...your company is a dealer in real estate sales and purchases, not an investor (1031 exchange tax deferral is not allowed for dealers)".A more detailed discussion will take place with our CPA, but I would like to hear from some others on BP who "deal" in rehabs within an LLC, s-corp or c-corp.How are your 1031 exchanges handled?

I believe renav.com, a paid subscription site, provides consoldiated info and easy way to check comps, but much of the functionality requires a subscription.