Per person sounds like an administrative nightmare.

Proof that your property taxes are in good standing.

We did live in the house for 2 of the last 5 years, so we wouldn't have to pay capital gains tax.

Purchase price: $95,000 Cash invested: $25,000 House went to tax lien auction, homeowner was going to be homeless with no money.

Hello,  I ran across a conversion strategy where an annuity company would add a significant cash bonus to my IRA conversion account to cover the conversion taxes so my conversion is tax free to me (well some what).  

IRA would be responsible for paying this tax. 

I suspect they drew you a flow cart and then your conversations went something like this: I need to transfer my properties to an LLC for anonymity.They are told they are not anonymous & that is not asset protectionBut I need it anyway for tax savings.They are told there’s no meaningful tax advantages  But I can get non recourse debt because the LLC is the borrower.They are told they still have to personally guarantee the loanNo, I can get non recourse debt I read all about it.They are told yes, while that is true, the leverage is customarily low, applies to much larger CRE transactions and there are still carve outs.

It can also be used to track and pay mortgages, taxes, insurance, and other expenses.How to get it: The Empower app is available from the App Store for iOS devices or Google Play for Android devices.Cost: Free2.

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

I wanted to get the opinion of those on BP regarding thoughts on this strategy, if it makes sense and if there are any tax implications.