I wouldn't think so, but wanted to make sure.Also, do you think it would be best to include "Investments" or "Properties" or something like that in the name, or should those terms only be added to investment firms, or rental agencies? 

The property is in a Historic District in DC, which we are told it would be extremely hard to obtain permits to convert back into a 2 unit property.We have also been told that since there isn't a second door in the front of the property anymore (which with the new laws a second door cannot be added again) and because the basement divider wall has been removed the property cannot be grandfathered into the old laws and  we would have to go before a board to be approved and that this would be extremely hard to do.We agreed to buy this property based on the fact that we could convert back into 3 level 2 unit property.

Also I will be adding you shortly for the FB group. 

I currently live in Baton Rouge so if any investors out there want to contact me to be added to my buyers list that would be awesome.

See Bill's comments below " A TRUST with Real Estate is NOT a good thing for Estate Planning " At this point I think that converting to Marketable Securities MIGHT be the best option but until I discuss it with a couple of Trust Attorneys , CPA's and "TRUST " companies that have a GOOD track record ,I have a feeling that there may be some severe TAX implications .4 " STEPPED UP BASIS " I will be adding to my list of questions to ask the above people 5. "1031 tax exchange ' refer to #4 6.

The short version as Jon Holdman said is that your expenses on the property are all really improvements and will all be added together so you can depreciate the property.I highly recommend sitting down with someone or communicating with someone very soon to talk about taxes.

Then an LLC can be added to create a Checkbook IRA.

If you'd like to be added to our contact list, just PM me with your email. 

Things like an extra bedroom, or a dishwasher, or a corner lot, or an extra parking stall, ALL have value that can be added or subtracted to arrive at your final figure.

Originally posted by Account Closed:@Albert Bui I wouldn't be adding the rent to the purchase price they would be two separate agreementsWhat if the guy bounces on the contract for 10 months and then tries to come back and say he wants to buy it?