Generally, you can form one of three types of business: a partnership, S-corp, or C-corp.

On ETSY you can also buy hundreds of digital files of abstract art in different color pallets for super cheap ($10-20), then have those printed onto whatever type of print and size you like with Shutterfly or any other digital printing service. 

And then formed a loose partnership on both.  

There are forms and templates and all sorts of things that when used will make you into a well-polished 'litigant'.Of course, a competent real estate attorney can accomplish the same thing for 5x-10x more than the cost of the course, in exchange for peace of mind that you'll get what you're looking for without the prospect of making a mistake or not knowing what you're doing.

(I actually hope the owner of this page sees this and considers making the changes I’m about to suggest.)This page violates a cardinal sin known as “The form beneath the fold.”

Since I make well more then my daughter, the plan was for me to claim the house for any tax breaks.Question is, will we need a more specialized tax professional then the HR Block person I've been using for 20 years.

If you are going to use the FL LLC to hold property this may be something you want to be aware of: An Arkansas Foreign LLC is an LLC that does business in Arkansas but was formed in another state or jurisdiction.

(Most notably, they've gotten REPS aggregation all mixed up in the past.)Based on the regs seems that:- 1245 ordinary income recapture applies to some forms of property that qualify as "real estate" for 1031 exchange purposes- 1245 recapture on such "real estate" overrides 1031 deferral such that 1245 depreciation is recaptured to the extent there's a trade down in 1245 property in the exchange@Heidi Kenefick There are many additional mitigating considerations worth discussing in conjunction a real estate tax accountant.    

@Pat McQuillan have you reviewed IRS form Schedule E?

I thought there was a law that required for me to get a copy of it and also of my credit report that they were using as the basis for the loan.