The broker I got the loan from has suggested that I create a second llc and sell the home to myself for $185,000, then use the proceeds to get all of my cash back out to use for future deals.

I understand that this journey will not be easy, but I'd rather struggle and work hard towards my future rather than someone else's.

I want to know this as a future renter and future real estate investor/landlord. 

My suggestion is: in the future to refrain from stating the specific amount of funds you will have access to - to protect yourself and your family.

Take control of your financial future use your experience and knowledge.  

What was meant by capital gains comment was that right now, I’ve lived here for just over 2 years, so no capital gains, but if I sell in the future, I’d be on my own for closing costs and would have to pay capital gains (after renting the place out). 

With title insurance If any type of encumbrance, lien or other defect to the title is discovered following the transfer of ownership or the placement of a mortgage lien, you are protected..General Warranty Deed is the way to go to avoid future headaches. 

What method would you use to find historical rates or predict the future property tax?

Hey folks,Sorry for the rather broad discussion - I've got a bit of an odd situation right now which is rather time-sensitive, so I wanted to get this out sooner (even in a more broad & vague form) rather than later.I've decided to quit my relatively high paying job in the near future to travel for awhile (couple years, visiting home ever few months or so) and possibly even retire early.

Doing a few wholesaling deals, will give you the funds to clear up your debts, save some money as reserve, and then leverage to borrow more money in the future if you want to fix and flip or buy and hold.Research "wholesaling real estate" in BP, YouTube, Blogs, etc.I love wholesaling.