LLC or other entity).The main determining factor of whether it's going to show up on your credit report is who the lender is.

I don’t know much about your situation but if you have well documented intention of development plan, and didn’t hold the property for an appreciation, ordinary loss treatment would be ok. 

The intent of a Quiet Title action is Not to remove legitimate holders from title.....it is for errors, fraud, verifications of other legal processes (tax sales, etc.). 

I think my main goal at this point is not squandering a good opportunity (if one exists outside of keeping our properties). 

My main question is how to do the bookkeeping for this property?

He knows my intention to resell asap by the way.Thanks,Gabe

They finished the remaining 2% of the work mainly by just painting the exterior and fixing the pool.

My grandfather has been a stockbroker for most of his adult life and semi-retired to a part time broker in his home office, living mainly on his own stock portfolio at 37 years old (1964). 

I have bought several properties over last 2 years and I have paused now mainly because of steep climb in interest rates.

Is it possible to do this with no intention of working for the broker?