the reason why they want to gift it instead of selling it to me is to avoid capital gains tax.  As

Lived in the house more than 2 years so I don’t have capital gains tax (as my Agent says).

Sell in 5 years and no capital gains tax as far as I can tell from my research to far. 

@Jody BowenDisclaimer:I'm not a CPA OR TAX ADVISOR-I'm self employed my self on an LLC but tax as an SCORP which eliminates selfemployment taxNow in real estate if you are doing buy n hold then LLC is good for asset protection but flipping an S Corp would do.Pls consult your CPA.

Condos often come with an HOA on top of the property tax as a fixed expense that you'd have to carry in the event of a non-paying, difficult to evict tenant. 

Assuming you’ve lived in the home as your primary residence for at least 2 of the last 5 years, you won’t have to pay capital gains tax as well, so you’ll get that amount tax-free.

From a very basic tax standpoint, if you think you are going to excel at wholesaling, you would need another entity and will eventually tax as S-corp.  

so if you have appreciation to lose a tax free situations does not make a lot of sense to me.. plus for two properties I think your really over complicating this.LLC with wife and you is reported on your personal returns  LLC does not pay tax. AS

The way to get to $0 tax as an agent is to own rentals that generate losses on paper.

-jendayi B-Sao