Note that legal and transfer costs are not deductible but can be added to your cost basis.

You can still build two separate homes on the same lot, offering investment flexibility.The streamlined approval process is a huge advantage, cutting out the red tape of lengthy public hearings.

Mind you, she used a legal aid attorney, so he didn’t cost her anything.

It will have to go thru township's approval, but I need to figure it.

The only question is: is this LEGAL?

Hello fellow landlords,The properties in question are in a market that although it is not cheap, it draws lots of money-cautious tenants. I am foreseeing a bit of a push back or even turned-off potentially decent tena...

You can also find various contracts online, develop your own then have an attorney review it to ensure it has teeth, and is legal in your area.7.

I can tell you the money is consistent however approvals, paperwork and follow up is what you would need to be good at. 

The rates vary throughout the State because of the different millage rates and tax districts, but in Richland County for instance, the taxes essentially triple once it goes from legal resident to non legal residence. 

To avoid reducing your lifetime exemption, you could gift equity incrementally, but this requires proper legal structuring (e.g., fractional ownership transfers).