We are going to be buying property and building a spec home shortly and need to understand the pros and cons of doing this deal through an LLC vs. as individuals, from a tax perspective.

Hi Sherrie, There may be a few routes for you to best utilize the equity in your current home. 

Is she gone for 3 months at a time and then home for 2 weeks, then gone 2 months?

Thanks yea it appears the cleaning fee is being charged to the guest but being reported as part of my net take home.

We currently own the property & is being used as a mobile home park with a single family house. 

I like to knock, and take a few large steps back so it's not as threatening to the home owner.

@Kenneth Soles  I have done this too many times to count.and after all the years of dealing with folks that lost their home be it tax foreclosure ( very very rare on the west coast by the way)  or Trustee or Sherrifs sale ( most common).Rent back can work but usually turns into an eviction shortly .Sell it back is another pipe dream.. unless your willing to owner finance it.. then you have the dodd frank stuff if you want to be letter of the law compliant.

I don’t plan on leaving my primary home for quite some Time. 

For example buy a $200k home with cash or a $800k home with 25% down ($200k cash).

Typically, the HVAC technician will install the heater in an old closet or pantry near the rear of the building and run the ductwork through the bedrooms.