Consult with an attorney to provide a purchase and sale agreement in your respective state with an assignment exhibit included. 

Purchase price: $265,000 Cash invested: $200,000 1930’s historic home with a converted garage.

Primary home is a little easier but for FHA and other programs it requires 12 months title seasoning.There is something called delayed financing that if you purchase a piece of land and pay for the home "All Cash" without a mortgage you can get up to 80% LTC.

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Hi @Jon Pflueger to answer your questions requires more information. 

They have a ton of really valuable and good information with their webinars, etc. 

No, you cannot purchase a home with an FHA loan via an LLC.

Gain is your net sales price minus your adjusted cost basis (purchase price plus capital improvements minus depreciation). 

What's the purchase price? 

@Kristian Forbes Short of doing another house hack or negotiating the purchase price down a fair amount, I think that's going to be a tough one to make the numbers work.