Hi All, any input on renovating a house and possible tax exemptions under an LLC?

I would avoid the testimonials. 

That way, they get steady income, and you avoid a big down payment.

The big pro that sticks out to me in Birmingham is the tax rate. 

You have the ability to sell while limiting your capital gains tax because you lived in 2 of the last 5 years. 

highlight_post=6803139&page=1#simplified-forums__discussion__replies-containerI have no reason to alert you of this danger other than honestly trying to help you avoid the trap that the rest of us fell into.FOR YOUR OWN SAKE, DO NOT BELIEVE ANYTHING MARCO OR NORADA TELLS YOU UNLESS YOU SEE IT IN WRITING AND HAVE IT VERIFIED BY YOUR LAWYER. 

Note that the diagram doesn't consider tax implications—that's another important factor you'll need to include in your decision.

@Josh Ball mentions, there are issues with foreign investors but, nowadays, it's not necessarily on the tax front anymore.

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

I'm looking for the cleanest & most visible way to access payment history, see amortization schedule, tax documents, etc- much like bank softwares provide.