However, upon transferring it back to your dad, the basis is not relevant anymore.In the end I would highly recommend you reach out to a tax professional here to get this sorted out.

The reason you are not having luck is because a very obvious logic yet completely ignored principle real estate investors refuse to acknowledge.Here goes.NOTHING can target motivated sellers.No list, no gadget no software no "Deal Machine", no propstream no NOTHING!

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

o Commercial loan, sort of - they are 30-year fixed DSCR loans with private national lenders.o We close in an entity/LLC 99% of the time - very rarely do we receive a request to close in someone's personal name.

You would need an appraisal, or some sort of FMV as of the date of transfer, which would essentially be your proceeds.Please don’t make the same mistake twice!!

Because if you're patient and don't swing at the wrong pitches you'll be in a position to use your creative finance education to pick up properties from motivated sellers.   

Ideally would meet in person but open to some sort of hybrid structure as well.

I listen to his stuff because it entertaining, funny and motivational but would I put my hard-earned money into one of his deals.

Real Estate investing is not overly complicated and you can figure it out for yourself if you are motivated. 

..and If not, Is the seller potentially motivated enough to accept an offer that would position this deal to meet your goals?