The LLC also gives you the ability to write off expenses associated with the property that you could not do as a personally owned house.My 2 cents would be to leave it the way it is and not transfer it.  

There is a legal concept that when a contract is ambiguous that it will be interpreted in favor of the party that did NOT write the document.

I just want to be sure I write this out correctly in the request for repairs form.

Suppose I want to make $10,000 , so I am ready to write a contract for $260,000.

Looking to use the short term rental loophole.If I use the short term rental loophole for my STR, I material participate and do a cost seg study.Can I take the value of the building in the first year as depreciation and write it off against my wife's income?

Not sure of California, in Virginia, it might take 3 months of back and forth court visits before everyone is out.Maybe better to get everyone on the lease and assign clear, monetary fees in writing for violations.

Also many flippers are buying now simply for tax write off purposes. 

Important to note, this advice is geared towards those writing smaller LP equity checks as I suspect that’s where most interested investors reading these forums fit. 

Quote from @Jenni Utz: This looks like an AI post, which is not allowed on BP.Please write fresh content with your own words from your personal experience.

I can pluck out all the sneaky BS in a PA in about 5min, AND I know how to write them to have maximum visual appeal with maximum client protections and rights.