These transactions are sometimes referred to as "parking arrangements" and may also be structured in ways which are outside the safe harbor.Proper Purpose - Both the relinquished property and replacement property must be held for productive use in a trade or business or for investment.

How are you thinking of structuring your deals for buy and hold with an investor?

Thanks Steven,Your previous posts are very valuable.As an accountant, do you recommend meeting with a lawyer or an account first to determine the appropriate business structure and start the paperwork process?

I have already began the process of looking at the legal structure of my business, creating my business "brand", and structuring a solid business plan.

You mentioned two types of sound, air borne (dog bark) and structural (running water in pipes).

Such a cool structure.

Unfortunately I have no friends that would buy me a house, and cannot think of a way to structure the purchase of my primary residence that would benefit an investor, or private lender other than if I could find owner financing, which is deffinatly an option if I could find it.Thank you for your thoughts.

Every item is important, and one thing I was told was to leave some small issues no structural or any major cosmetic things but something that the inspector can find.

If you are really going to hold forever and you really want to pass this on to your heirs...Get a good estate planning attorney NOW because you want to get these assets into protected structures that can increase in value without ever hitting the estate tax exemption limit.Over the years, I systematically moved income producing real estate into GRITs, GRATs and GRUTs and now no matter what happens it is all out of reach of the estate tax man and creditors.

I was wondering what the general cost of an addition at ground level to the existing structure would cost.