Who owns the solar panels and what's my liability if I continue with the purchase?

Is Aircover liability only or does it cover dwelling?

Hello Adam, The way I draft our contracts in Pennsylvania I include a clause that requires the tenants to carry $10k in personal property and $100k in liability.

My primary goal is to find the most cost-effective solution that minimizes tax liabilities, including avoiding property tax reassessment and maximizing the step-up in cost basis. 

If the ADU doesn’t meet IRS guidelines, you could face capital gains tax liability.

@Roger Kim If your friend qualifies for the Section 121 exclusion, he can exclude up to $250K of capital gains, but gifting you the proceeds won’t legally avoid your tax liability.

To reduce FICA liability, consider maximizing profit-sharing contributions instead of excessive salary deferrals.

People in this camp feel it doesn't make sense to buy a SFR or small MFR in markets like ours because it is more of a liability than an asset.- Others believe that investing in areas with high appreciation is sort of like putting $ into a retirement or a high-interest savings account.

A key risk is the due-on-sale clause, allowing the lender to demand full repayment, though enforcement varies.Keeping the property in an LLC provides liability protection, shielding personal assets from lawsuits.

I would for NOT do tree houses for liability reasons.