@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

Was previously purchased with a Builder to erect a SFR residence on.

My problem is Form 3115 and the -4 election (I think) because I want/need to aggregate my properties but also "pay myself" for one of these for use in my Property Management LLC that leases from me and uses the home as a Recovery Residence(housing only/no services provided)Is there anyone that has experince or would be able to point me in the right direction toward someone who can wrpa up these two issues on my taxes?

Investment Info:Single-family residence fix & flip investment.

I am all for owning your own residence, but really it comes down to your current situation.

Residences and cars are not purchased in individuals names.  

Hi Joe,Using a Home Equity Line of Credit (HELOC) on your primary residence can be a practical and low-cost way to fund flips, especially since the terms you mentioned include only a $200 yearly fee.

I handle hundreds of insurance claims, resident compensation, crime, and pricing… so I am very familiar with the system and reasons behind policies. 

Because they were primary residences, we had homesteads on all of them.

Investment Info:Single-family residence fix & flip investment in Kenmare.