This helped our CPA know exactly what transactions related to the house.

This would allow us to come to the table with less funds out of pocket on the front end when starting construction.Is the best way to complete the transfer of ownership through a traditional sale registered with the county? 

Here is my Cliff Notes on this elaborate example:If you have unused losses from the past, they might significantly soften the tax blow from a profitable sale.I don't see how this is called "strategic play" or "premium lemonade."

Mom’s estate plan should probably address this separately from you. 

Quote from @Marcus Everett: Hey Everyone, Marcus here, relatively new to SW Missouri and looking to educate myself in the world of Real Estate investing.

Hopefully this gives you some direction.

Have you explored any of these options yet?

*This post does not create a client relationship. 

It’s advisable to consult with a real estate-savvy CPA or tax strategist to explore ways to mitigate capital gains taxes before proceeding.If you’re interested in exploring multifamily investment opportunities in Rochester, I’d be happy to discuss options and provide insights.

I live in and mostly invest in the Fishtown area but thats because I know my renter and know this area more than most.