A living trust becomes an irrevocable trust automatically upon the death of the grantor, whether or not the trustee of the living trust actually does their job and converts it. 

IF it is in an irrevocable trust then no. 

I think you can do an irrevocable trust. 

when you say Trust  which are you referring to.. family trust  irrevocable trust ??

Option - In legal language, a real estate option is an agreement that grants the party owning the option, the optionee, the exclusive, unrestricted, and irrevocable right to purchase property from the party selling the option, the optionor, during the specified period of time that the option is in effect.I'm wondering if it is possible to control a house using an option to purchase in order to renovate the property (fix and flip) without actually buying the assett with a HML. 

You'd deposit the properties into the trust - it's irrevocable so you can't get them back BUT they don't count as part of your estate anymore (especially useful if your estate will be over the $5.5 million threshold - for now anyway).

There are also Medicaid Irrevocable Trusts that can accomplish what the OP may be looking for, while still utilizing the advantages afforded by the tax code.

I talked to someone from Inc Authority who told me that the best way to structure a real estate investment business is to form an irrevocable trust at the top level.

The four common factors to decide are whether your trust is revocable or irrevocable and whether your trust is a living trust or testamentary trust.

And don't want to put in irrevocable trust as we may want to sell  in the future.....The only other option I have found is to put house in partnership (wife and I) LLC's name on the basis of this is our "office" and tool/equipment storage for other rentals in a separate LLC (weak if it ever goes to court?)