These are because of major developments occurring and proximity to hots spots like Brickell, Wynwood, and the beaches.  

If I were a lawyer there is no way I take this case not because it would be hard to win but because of the consequences that would occur. 

For those that don't have experience with an LLC, I can't emphasize this point enough - you can NOT co-mingle your personal and LLC holdings whatsoever, otherwise your LLC could be worthless if a lawsuit were to occur. 

The fact that its a newer build helps from the cap ex side as well.I wonder when the "shift" will occur that puts "cash flow" in the back seat when considering higher growth markets. 

If a major life event occurs, such as your company closing, forcing you to relocate, then you are not violating the closing documents by relocating to another area with ample job opportunities.

It's best to educate yourself before the problem occurs. 2.

FYI this deal is occurring in the general Tampa Bay Area.

Deeds to burial sites, certain transfers of ownership in real estate companies and farms and property passed by testate or intestate succession are also exempt from the tax)There should be no taxable event unless a sale occurs or when your dad passes.At that point, you should receive the property at the stepped up basis as the life estate is null due to the death.This is tricky - it will depend on how the deed is held.You should check with the attorney who made the initial change and check with your CPA once you find the answers from said attorney.

So you end up paying tax on a full $1m, even though the gain on the sale of the property was only $900k.The benefit of you moving it out of the S-Corp, or at least the future appreciation out of the S-Corp, is that as structured, when you pass, your heirs will have a basis step up in the S-Corporation, NOT the property - so if they sell the property, they will need to liquidate the S-Corporation in that same year to not recognize a large gain on the property sale / to realize that basis step up that occurred in the S-Corp stock.

Schedule E the piece the IRS put out about moving rental from Schedule E to Schedule C was because someone provided services above and beyond what would occur at a typical rental so they treated it like a hotel.