My experience is they will not look into what you have done with your property in the inside or outside, unless you have a new mortgage loan/refi or a permit for construction or do something that triggers substantive difference of the value of the property (land and/or improvements).It may take less than one year after you buy for the tax assessor to value your property at recent sales comps, or it can be dormant for several years. 

Pull the trigger, these are good numbers.

Hi Johann,I doubt you can (for lack of a better term) "Fight City Hall" on this one.If they cancel you, and you have a mortgage, they will Notice the lender you are no longer covered, which will probably trigger some "unpleasantness" for you.And seriously, have you not walked your own property and noticed the cement sidewalk heaving up (if that is what the 1" lip is) (???)

Since trust is a different tax payer (has its own TIN), will this trigger capital gain tax dues?

The sale triggered an alert and The Board of Education has filed a complaint against the County Auditor's tax value of the property for the last two years. 

Just off the numbers alone, I would not pull the trigger on any investment that does not immediately cash flow, unless future appreciation or immediate equity grab (i.e buying at a discount) is guaranteed.  

The sale triggered an alert and The Board of Education has filed a complaint against the County Auditor's tax value of the property for the last two years.

I have to admit it has been tough to pull trigger just because the stakes feel so high (risking primary residency, etc.). 

You can add an umbrella policy if you like.Banks don't typically allow you to buy with a mortgage in an LLC, but you could take the risk of triggering the due on sale clause and move it after closing. 

First off, they explained that they needed this because I was applying for a 2nd home and was only paying 10% down and that triggered PMI.