Obviously the gain increases significantly the longer you defer your tax payment.

@Franky Juwana, the problem with buying in a multiple member LLC is that it would be a different tax payer than you and your partner. 

There are couple of things I would be on alert for and research when you deal with pre-foreclosures.

It is filled with resources and a plethora of knowledgeThanks for joining.I wish you all the best in your real estate journey.Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...http://www.biggerpockets.com/real-estate-investing

Unless a guest smokes regularly or heavily, our ventilation and air filtration is such that our cleaners have not yet alerted us to undeniable smoking, etc.Would love to hear what others use and their experiences with Minut as well (since in part, I went with Minut based on what I read here about the other alternative- NoiseAware).

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*I had someone apply for my rental but there were two fraud alerts that popped up on one adult, 2 collections and 4 late payments on the other though the credit score is 725.

That is a consideration.A greater consideration is that in order to do a valid 1031 exchange the tax payer for the old property must be the same as the tax payer for the new property. 

You have earned income within Georgia and will be responsible for paying state taxes on the income earned within the state.It may also be possible that when you sell the property, that the title company will require withholding done at the time of closing and remit it to the state which you can claim as withholding / tax payment when you file you Georgia non-resident state tax return.Best of luck.

Option 1:Pros:Simplicity: You avoid the potential complications of alerting the lender.Maintains Low-Interest Rate: Since your loan is at 3%, you continue benefiting from this favorable rate.Avoids Immediate Full Payment: You won’t be forced to come up with $45k immediately.Cons:Risk of Detection: If the lender identifies the payments coming from an LLC, they might call the loan due.Potential Consequences: If the lender enforces the due on sale clause, you might be forced to pay the remaining loan balance quickly.Option 2:Pros:Transparency: Being upfront might build trust with the lender.Possible Flexibility: Given your solid payment history, the lender might agree to the arrangement.Legal Compliance: You avoid any potential issues with violating the terms of your mortgage agreement.Cons:Risk of Loan Acceleration: The lender could still decide to call the loan due, forcing you to pay the remaining balance.Potential for Higher Payments: If forced to refinance, you might end up with a higher interest rate.Given the pros and cons of each option, but a cautious approach might be best:Consult a Real Estate Attorney: This can give you a clear understanding of your legal standing and potential risks.Evaluate the Importance of the 3% Rate: Weigh the benefits of keeping your low-interest rate against the risks of potentially having to pay off the loan early.Consider a Gradual Transition: This method allows you to continue benefiting from the low-interest rate while reducing the risk of triggering the due on sale clause.