@Konrad R.contribution of personally held property into a business entity typically does not trigger a tax event.  

That's been one of the things that's held me up on the deal so far.

@Kyle Grimm  check with your state division of mortgage lending.many states have exemptions for 1 or 2 transactions a year etc.in our state you can do 2 a year and no more than 3 held at anyone time.those doing above that they deem in the business and needing licensure.

I'm not a lawyer- but your interest can range as low as 1/2% to 99% - best to check with others here :-) My attorney has done deals as low as 1/2% - and it has held up in court ( he helped pass the rule in a Superior court case here in Georgia a few years ago).

I would just like to be able to assist them with their investment they have held for years, their financial situation, and allow them to release the stress of owning property at their age (Late 80s).

Rental/investment property held in the Virgin Islands are considered like-kind to U.S. property. 

Hi everyone,New to this awesome site and obviously my first post, so quick background...reside in the Philadelphia surrounding area and held my RE license part time for a relatively short amount of time.

@Riad Ali from my experience working at RE investment firms the owners always held on to the properties that where "A class" and would only sell properties they acquired which where harder to manage or less likely to hold their value.

I held onto my previous house on the EastSide of seattle when I moved up here to beautiful Anacortes.  

., one big issue is that using your model of "flipping" you will not be able to use the 1031 exchange so you need to put ordinary income tax + Self employment etc into your proformas to make sure you can still get the return you want.1031 exchanges are for property that has been held for "productive use in business trade or investment".