However Jon and I have traded emails about previous comments he has made on BP. 

I have an LLC and 2 trade lines attached to it as well as a business bank account I've had since January.

Yes, it's an extra step but makes sense when you realize that they are trading some inherited equity for a house the buyer did not originally pay for.This example is for an inter-family buy out transaction.Alternatively, for a BFP arms-length 3rd party buyer, the buyer's side is very straight forward.

Investigate a Living Trust:  When all trustees demise, the property flows to the beneficiaries and if properly handled, they inherit tax free and the current FMV.Selling at 5yr vs 10yr is the trade-off decision for Depreciation Recapture, which means you get to pay for all the depreciation during your ownership. 

Records are discussed in Publication 526.The phrase “similar items” means property of the same generic category or type (whether or not donated to the same donee), such as stamp collections, coin collections, lithographs, paintings, photographs, books, nonpublicly traded stock, nonpublicly traded securities other than nonpublicly traded stock, land, buildings, clothing, jewelry, furniture, electronic equipment, household appliances, toys, everyday kitchenware, china, crystal, or silver.

Develop your own business strategy -- don’t just be a jack-of-all-trades (even though I am). 5.

I would be taking 2 weeks to get my things in order, get there and then once I'm there, to find work as quickly as possible within the same trade.

If I purchase in my name then transfer to LLC are there any consequences to that? 

Willing to help build for free as a trade off.

I see it more and more - Not the Federal prison consequence but a Fannie/Freddie lender putting you in default.