You are in fact leasing him the premises with an option to purchase during the initial lease term at a predetermined price.

@Chase Cline I agree the setup of multiple accounts can be cumbersome initially, but using accounting software (QuickBooks, Xero) you can have multiple bank accounts linked to one file. 

So let’s say you invest $50,000 when you are 20, with an investment kicking off 8% interest, at 38 your investment will grow to $200,000, at 47 $400,000, at 56 $800,000, and 65 $1,600,000 (as long as you reinvest your initial investment’s returns).

I politely corrected an incorrect statement in your initial post and you then doubled down with b.s.

I am not sure if the initial capital needs to be private or not.Please give suggestions on the best practice to opening/funding LLC business account (while trying to have anonymity in Texas by using a registered agent.)Thank you.

If my initial guess is right (someone else feel free to research), no bonus depreciation would be allowed. 

I would also start considering what a move may look like and initiate interviews with possible employers in the new area.

We had the initial call with WealthAbility today.

Actually, after I initially asked my question in this forum, I found a company that does perform the initial half of Phase 1.

Deeds to burial sites, certain transfers of ownership in real estate companies and farms and property passed by testate or intestate succession are also exempt from the tax)There should be no taxable event unless a sale occurs or when your dad passes.At that point, you should receive the property at the stepped up basis as the life estate is null due to the death.This is tricky - it will depend on how the deed is held.You should check with the attorney who made the initial change and check with your CPA once you find the answers from said attorney.