Inspection, legal fees, title fees, etc. are added to basis and depreciated with the property.

I’m still new to this so I’m learning every day.

It makes basis a huge pain in the but.The rest I couldn't answer without knowing your personal situation

Even if a real gift occurs, you have zero basis in the property and hence no depreciation benefits, as well as any subsequent sale being subject to capital gains on the total sale price.Your father in law can form an LLC, transfer ownership of the property to the LLC, and gift a percentage ownership to your wife each year.Finally, don’t take anything I or anyone else says on a forum as definitive; these strategies require the opinion of a tax accountant or a tax attorney - or both.

From there, write your why down somewhere where you will see it everyday and remind yourself why you want to achieve success.

Often interest rate is only 15 to 20 basis points cheaper than 10 year debt fixed so a no brainer to get the 10 fixed and have the security.       

Hi everyone,I have a question for those of you that own properties and track your net worth on a monthly/quarterly/annual basis.  

To truly be successful in real estate, you need a strong why and a plan on how you will achieve it.However, if you are ready to put yourself in uncomfortable scenarios and become a better version of yourself everyday then I think the VA househack loan is a great option but only if you plan on living in the property.

For that matter, we've never met any of the lenders we use everyday. 

I know this will likely be a case by case relationship basis, but I can’t wait to hear others thoughts!