Though it might “seem” that you can arbitrarily attach the “tax basis as the fair market value” and thus receive $0 gain, the IRS would not respect this if you were selected for audit.

The free version is a super basic 3-page lease.

Be careful using a conventional loan because you may not be able to use the rental income like the example above if you do not have a current housing expense (live rent free).

., can be found here on PB and Youtube for free.  

Subject to seems to be more ideal to avoid any confusion over ownership, but it sounds like a pretty involved process that could cost time and money (whereas the other approach is free and simple).Any insights/advice would be appreciated!

One of the groups viewing our house let their children have free range in our home.

I would get rid of the laundry or let them do it for free.

We get obsessed with market selection, but execution on a well thought out strategy is the most important thing, not the location or market that you pick.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

You can invest in any market selecting the ones that you believe are seeing the most growth, and do it from anywhere.