Most people lack the money for a down payment, and their personality tells them if they do have some extra money spend it on a good time, beer, a vacation, new skis, a gift for junior, etc...

The gift is $150k, not $50k, and it does require you to file a gift tax return.

Strengths:  People skills, carpentry, gifted (IQ), career is math teacher, love analyzing deals, pretty good instincts with numbers, etc, lots of experience flipping home owner houses (hired by others to renovate bathrooms, kitchens, and have done whole house gut renos), degree in mathematics and interior design, basically skilled at making profit for not a lot of $$, knows what neighborhood I want to buyWeakness:  not a lot in savings, not clear judgement who is a good lender or agent (easily ‘fooled’), credit isn’t strong either because I just went through a divorceWhat do you suggest?  

They do not "sell" the asset to the LLC they gift it/give it (which could have tax implications), but as noted in this and other posts, the LLC is not separate.

And depreciation is exactly what you said - a gift and a trap.If depreciation is planned for and mitigated through series of 1031 exchanges over the years you've achieved two things - First you've received hundreds of thousands of dollars in tax relief by taking the benefit without having to pay that back. 

She recognizes that we both have gifts for the other one.

the gifts arnt necessary but sugar gets you more than vinegar right? 

,I'm receptive to pretty much anyone putting something in front of me, unless it is a classic Nigerian scammer asking for two dozen iTunes gift cards.

It also, helps reduce stress that I had before becoming wealthy (stress of bills).Also, I like being able to go to the store and buy whatever is needed and buy some gifts for others that truly need help (say disabled - not just lazy or entitled), it's rewarding. 

Tip:  We bought six rolls of toilet paper for each of our tenants and delivered it to their homes in a gift bag with the hand written message "We are all in this together, if there is anything we can do to help let us know".