Tax question - ask an accountant.Primary residence converted to rental and vice versa requires 18 months I believe. 

In all instances, it is with attorneys that I have a relationship with and I believe that there is value in that as well, vice just going to the cheapest route.

Realize that you're in a hospitality business with the benefits of also being a real estate investment, not vice versa.

Art Lee President Winning Home Buying Solutions

Blightbusters president John George will answer all your frantic pleas for help with an email that begins "Wow," and then says in essence "too bad."

You will want to talk with an attorney in your city that can answer that question for you.A few tips:-Be careful if you ever transfer the home from your name to the LLC (or vice versa), as many mortgages have a due on sale clause that will cause the entire principal to be due upon transfer of the house.

As Founder and President of Roll Investment Group, Jeremy manages a group of over 1,000 investors in the US and Canada who seek passive/managed cash flowing investments in real estate and businesses.

Nothing like now, the last president made jobs!

Knowing myself, I'm sure I'll come up with more questions for the lawyer after I see the accountant, or vice versa.I plan on discussing:JVs and partnershipsNote investing (seller-financing)LLCs and (Land) TrustsPurchasing foreclosuresThanks for your thoughts, even if it's "it doesn't really matter."

Hi Michael,I think the Arizona Bay theory (Bill Hicks, Tool, etc...) says Arizona will be Ocean front property and California will slide into the sea.Ex President Obama just bought a house directly on the ocean front--he's not worried.Banks are still lending on oceanfront property and properties in all of the so-called danger zones--and they don't seem to be worried.If owning something in a particular area worries you, then buy in an area where you have no worries.Good Luck!