The IRS usually scrutinizes transactions between family members that are not done at an arm's length transaction.2) You will need to go through a title company and also pay a state transfer Tax.

Buy a house that is undervalued with potentialRehab it so that the value goes upRefinance it and pull your cash outRent it out Repeat the processIt's a fantastic way to accumulate multiple rentals without coming out of pocket an arm and a leg.

This not something you should be doing on your own and it should not a arm and leg.

My suggestions would be to find a broker who can market your house to surplus lines vendors as admitted companies in FL are probably charging you an arm and a leg.

So, this will be an arms length transaction. 

This type of loan will typically be a balloon loan or ARM, with a longer amortization.

@Brittani-Kaye Lorenzen Greetings,If you are looking to do an arms length transaction (straight up sale) paying her taxes will not be a unique selling point because the taxes will have to be paid regardless when property switches hands.

She has the ability to give away, gamble away or shoot the 60K directly into her arm any time.

This week, I armed my self with the advice bestowed to me in the forms and set to battle it out at my first foreclosure auction! 

I know it worked for me for years.Lastly a lot of those that are heavy into tax sales have a marketing arm that is pretty hard to impossible to replicate..