More likely: You get some or all of the deduction via settlement.

You could use gift exemptions to gift him some or all of the real estate.2.

I'm inclined to think this would best be done 1 unit at a time and should there be turnover due to the lease modification, we would only be turning over 1 unit at a time as opposed to 2 or all 3.Any questions, thoughts/ideas are always appreciated and thank you once again for your time & feedback.Cheers!

The existing lease remains in place until it expires or all parties agree to a change in writing.

Join the club - I'd guess 90% of the investors I insure don't follow some or all of the above processes above and it's a legitimate exposure to you the property owner that is not inexpensively insured on your end of things.

A life-long friend of mine's dad has been an oral surgeon for 40 years.

Once the project is complete the equity is captured via sale or refinance to payoff most or all of the HELOC.

Without them you will run a sloppy business and things will fall through the cracks.I wound have most or all of these set up well in advance of taking on my first client.

They will give you a quick 1. preaproval or 2. denial (hopefully #1:-) based on your oral facts like your credit score, debt to income ratio, job stability, years at this job, reserves.

but be content with no cavities; be content with with bringing a good side to a BBQ... let's get you to more then content, let's get you to more than satisfied!