If you do this, and it is legal in your state, I would encourage you to pay or give a referral gift to the owners.

short note Zillow class A was down from a  high of $110 three months ago an epoch on the internet to  $84.75 on October 18th when I bought it. today it's recovering and closed at $90.70 a lot of grandparents will buy it as gifts for grandkids watch it climb before Xmas.

If you want the deduction for interest expense, is there support for bona fide debt vs possibility for reclass as a gift between family member?

Strengths:  People skills, carpentry, gifted (IQ), career is math teacher, love analyzing deals, pretty good instincts with numbers, etc, lots of experience flipping home owner houses (hired by others to renovate bathrooms, kitchens, and have done whole house gut renos), degree in mathematics and interior design, basically skilled at making profit for not a lot of $$, knows what neighborhood I want to buyWeakness:  not a lot in savings, not clear judgement who is a good lender or agent (easily ‘fooled’), credit isn’t strong either because I just went through a divorceWhat do you suggest?  

Hi Wale Lawal, yes for sure I'm going to try talking to them (maybe incentivize with a goodie-bag or gift card) and I started asking around with the neighbors as well.

We did this just twice per year, specifically during March, when tax refunds generally started arriving; and again in September or early October, before tenants started spending money on Christmas gifts.

Some people just have the gift to find and sign deals.

When dealing with complex situations, Jerome's brilliance shines through, as he navigates intricate legal matters with ease and precision.

@Allen CunninghamBased on your post and other comments about it, you may need to ask some questions of your brother and your CPA and attorney to better understand the structure to which you are apart and your rights and powers under that structure as there are some inconsistencies in your message.Unless the property was gifted from your grandparents to your parents, it seems that you may be missing a basis step-up somewhere along the line. 

He's gifted at teaching and has a ton of great advice.