Regardless, there needs to be a real estate transaction where there is a seller and a buyer, where the seller issues a warranty deed that guarantees that the purchase and the sale contain a valid transfer of ownership with no unknown encumbrances or other issues.No, you can't go back in time and obtain or issue a warranty deed with your dad.

If you go check how most of these tech companies are currently restructuring you'll see the international exposure. 

I have a prospective midterm guest who is an international bible college student wanting to rent our MTR from July - December.

An enrolled agent (EA) is a tax professional authorized by the United States government to represent taxpayers in matters regarding the Internal Revenue Service (IRS).

All the deeds will be transferred into the LLC's . 

The consideration in contract law (as I understand it) is the actual money offered in exchange for the property, and that consideration is not due until the property can be transferred to you - or your ultimate buyer (at closing).  

However, you missed the specifics of the question: it was not about just rental losses, but losses transferred to you via K-1 as a passive investor in a syndication.

It does say they are in default of the lease if anybody other than the named tenants occupy the house, that they must comply with the hoa rules (which restricts str), and that subleasing / transfer of the agreement is not permitted.

I still do all of my normal due diligence on the operator, but trust transfers - so by making my first screen a referral from someone I trust, I shortcut the evaluation process.That brings you to the next issue - how do you find people to be in your Community or network? 

How managing internally is different or the same as managing other peoples' property.