I have a HELOC of around 120K on this duplex, and I owe around 120K on a SFH in Florida too. 

I am thankful and looking for feedback from our professional tax preparers. 

In Nevada, property taxes DO NOT reassess on the sale.  

Purchase price: $500 Cash invested: $1,123 Sale price: $25,500 A seller got behind on taxes for this 1.4 acre parcel in Colleton County and it was sold at auction.

And you forgot to count the tax savings as returns.

Or could I just transfer the property from the LLC to my trust for 1/2 the value ($750k) and owe no capital gains?  

I have been trying to break into the residential space on my own by driving for dollars, knocking on doors, sending letters, and cold-calling lists of vacant, pre-foreclosure, and tax-delinquent properties.

couple of questions1. are the taxes correct, will they go up after purchase/reassessment?

If they have lived there at least 2 of 5 years, a portion of the gains is free of gains tax.  

I smell a refi in your pipeline a year or so from now, remember this isn't a home loan, so "two years of tax returns showing a profit" is NOT a hard/fast rule at all to get the best terms.