I am definitely the one doing the work on the LLC as well as the tax complications being lower with a single member versus the spousal partnership.

Unfortunately, this is far more complicated than "you can defer depreciation recapture with a 1031."

Even though it’s tempting to get a head start on the roof due to the weather, having workers in the property while the seller is still living there can create complications.

Albeit, when we building materials started to increase significantly, that complicated things and we had to just keep going.You will lose MORE if you sell a half-built property, than if you take it to completion. 

Also, a seller who has a good agent will realize these loans are more complicated and that this type of financing is less likely to result in a sale.

The tenants of whom you will be looking often can't buy their own home right now, otherwise, they wouldn't be utilizing this agreement, which typically is more complicated and costs them more.

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

Since you and your brother are on separate loans and titles, this could complicate the exchange.

In most cases, neither is warranted.Warning: I am not an attorney and this can be a complicated topic.

To complicate it even further  :) , STR investors do not need REPS anyway