Even then, there's an ongoing debate about the benefits (or lack thereof) of Series LLCs.Once your flipping becomes substantially profitable - as in $50k net after all expenses - then an LLC with an election to be taxed as an S-corp should be considered for tax reasons.

I know if you're buying in a development prone to assessments, this can have exactly the opposite impact on your risk, so I would recommend doing a little research on the HOA: - who is president / serves on board? 

An LLC can make an election to be taxed as an S corporation.

Speaking with the condo board president, the property manager (and the previous one!)

I know there was one, in the last election cycle, that had people tearing their signs down because they were perceived to be on public right of way.

"British Columbia Finance Minister Carole James announced measures targeting foreign buyers and speculators in the first budget since her government was elected on a pledge to make housing more affordable for residents of Canada’s Pacific Coast province.""

One of the reasons North Idaho is so great is that our county officials are elected -- not appointed -- so they are more responsive to the citizens. 

.- Hold for 10 years and No gain recognized and no tax when electing Basis = FMV based.Let look at an example and do some basic math.Meet Bob-Bob sold Real Property on September 15, 2018.

.” - California NAACP President Alice Huffman

I would be more concerned about clean title in this scenario than seeking to utilize a self-directed IRA... and am surprised that this issue was not first addressed by other respondents... for example, a defaulted mortgage based on "assignments" created by MERS "Vice Presidents" litter land records in every courthouse in America.