Additionally, confirm the transfer won’t lead to property reassessment, which could increase taxes.

We're fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.

I also want the seller to sign, just to add its own confirmation to the tenant's statements.

@Edgar Duarte Selling now under the primary residence exclusion avoids capital gains taxes, allowing you to reinvest the $500K equity in diversified assets like index funds or additional rental properties.

Additionally, please share if this was a scam or not.

Additionally, some states hold Escrow and Title services differently. 

You can later transfer the property to the LLC, but be aware it might trigger due-on-sale clauses or additional costs.

We also allow users to amend a post at any time with additional information by replying to that post again, just like what happened here.We have no plans to change how the forums work as it pertains to the deletion of posts. 

I've owned student housing as far as 4.1 miles from the University of South Carolina campus.In my experience, the only reason kids would live that far away is cheap rent.

Here's the deal: You don't need to withdraw and return the current security deposit just to collect the additional $100.