I've been infatuated with analyzing rental deals for quite some time, but I figured it was time to throw together an analysis tonight to hopefully gain some insights and constructive feedback from some of the investor gurus out there!

Offering a skillset is great, but sometimes people could also end up just being used by the "mentor" and not gain anything in return. 

So long as the gains outweigh the losses it's all good in my book.

Obviously I will have to pay capital gains but unsure if I sell with the LLC if it will helpmeet or not if if it really doesn't matter. 

This expression came about as a combination of the shift of profit from ordinary income to capital gain, the fact that the property is reported on two consecutive tax returns, and attorney interpretations of some old case rulings. 

I definitely need to find a partner regardless of the help for getting this deal going because I've had a recent argument with the missus of the relationship and I'm pretty much alone on this adventure for FI....I've got time all day at work to listen to the info that I want to gain info and knowledge for helping anyone and everyone who wants to know more as long as the info is in audio format then I can learn it and assist or teach anyone else who wants that info.

Every day I look at the MLS, Zillow, auction.com, hudhomestore.com and many other resources just to gain the understanding of the area and practice running numbers.

I’m taking my real estate class, but I want to gain some experience in the mean time.

More importantly, there will be the unknown potential liabilities of the llc and you will be assuming the llc’s Current basis for depreciation, previous depreciation recapture responsibilities and cap gains basis calculations later.

What's the best method of doing this to keep from capital gains from a gifted house and such?