Considering that my parents and I are not Canadian citizens it adds an additional wrinkle to things as they or I are not able to claim this as the primary residence and avoid the capitol gains tax... a lot to consider and think about.

To avoid making residents fearful of potential radon, we simply told them that the bank was requiring an air quality test. 

All I stated is that solo 401K may help to avoid SOME Of the UDFI/UBTI taxation.

Critical Questions to Ask a GC To ensure you hire the right GC and avoid delays or cost overruns, ask: • Experience & Licensing: • Are you licensed and insured?

@Donald Hatter   It is always ideal to purchase property directly under an LLC to avoid the need for a subsequent deed transfer.

I wouldnt say that Im paused (meaning that Im deliberately waiting), but I have not seen hardly anything in the past year that makes sense.

I am at my wits end with what to do on this to avoid losing everything on the deal.

I see you just bought the property so it might be still early to change paths to a traditional LLC and avoid these future issues.

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

As Dale Carnegie said, "The only way to get the best of an argument is to avoid it."