Doing so will help you avoid capital gains tax if you decide to sell later.Second: Test it out by renting the property for a year.

This approach helps maintain strong relationships with tenants and avoids disputes.Hope this helps!

That will typically generate a response from the PM to negotiate a settlement and avoid an investigation.

@Marc Shin, Soundproofing is definitely something worth tackling for a short-term rental—it’ll keep your guests happy and help you avoid complaints.

Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?

Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.

Several of my questions were intentionally avoided and unanswered.- Documents were promised week after week, but never delivered.- The investment portal is not properly managed, kept up to date or actively used to track financial progress of LP investments.

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

It avoids having to pay the capital gains and lets the property keep appreciating while you still own it and reap those future rewards and more cash-flow from the property in the meantime.  

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