However, on that form, there's no option for a trust as a reason for tax exemption.  

Any rating of 10% or higher is exempt from the funding feeIn many states being VA disability rated also gets a property tax discount.

With your disability rating, you'll also be exempt from the VA funding fee which will save you thousands of dollars.It can be difficult to scale a rental portfolio using only the VA loan because VA designed this loan to be a benefit to the veteran to help you acquire a primary residence. 

Also, I'm not sure what other assets your parents own and the size of their estate, but there is a major change coming to estate tax laws in 2026, that depending on the size of their estate, gifting may be something to consider while the exemptions are high, which comes with its own sets of pros/cons.  

Unfortunately, my broad experience doesn't cover capital raises in the exempt market.Thanks,John

I decided to buy the house in my name to qualify for a homestead exemption.

Traverse city has str limit in downtown area but certain zoning are exempted.

, you may also want to consider estate planning and/or gift planning while we're in a high estate tax exemption environment before the sunset in 2026.As to the income tax planning, most of the time the tax "savings" come by way of depreciation. 

Did a "hard money loan" with family using gift tax exemption and trust as collateral (despite what Dave Ramsey says, my father and I have an incredibly strong investing and personal relationship).

Also, if the title is held by an LLC when you apply for the legal residence exemption for property taxes, it will be denied (see below).Property in South Carolina is taxed using a millage system, based on the assessed value of the property.