Quote from @Greg Scott: LOL  Very creative.It could produce a windfall, or perhaps, massive IRS penalties.  

The IRS generally does not allow you to deduct expenses for a property that has not been placed into service, as deductions typically apply to operational properties actively being used to produce income.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Gifting her cash simplifies ownership but forfeits these tax advantages and requires filing a gift tax return for amounts over $19,000 (2025 annual gift exclusion).

Homeowner filed chp 7.

$400k equity is producing $1600/month cash flow for a return from the cash flow of 4.8%.  

You could also go work as a buyers agent on a top producers team and do closings that way.

At this point, I'm planning on contacting the county and the auditor, but before I do this, I wanted to find out if anyone on here has had a similar experience in Cincinnati and if they've found any success in appealing property taxes.With gratitude,Trevor Sorry I missed your post earlier.Petitions for revaluation are filed only between 1/1 and 3/31 each year.

However, we've never actually filed a claim, so take this with a grain of salt. 

So, we file to foreclose, the borrower file BK, and we go through 2 years of BS.