He claims that it is in his book.This is an excerpt from his book: B) Syndicator.

I would consult with a attorney whom you can work with on a regular basis, to protect your best interests.

You could have her "quit claim" it over to you but that isn't a clean way to do it.

We have a business-minded governor, and corporations are moving here on a pretty regular basis.

Jeff, you should not have a property in your name without a mortage on it, just from a legal protection point of view - with 100% equity you are a much more attractive target for a claim than with 25% equity.

You can only use the exemption every 2 years so you wouldn't be able to sell both within 2 years and double dip the exemption.Depreciation - Whenever a property is "in service" as a rental you must claim depreciation.

In December 2017 I quit claimed a property to someone else, it was then filed with the Chicago Cook County Recorder of deeds office.My lawyer who filed the quit claim said that a P-TAX was submitted to get the deed recorded.Please explain to me what this is.Also I would like to know, since property taxes stay with the property. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

My wife intends to take a regular W2 job.

The properties are tenanted, cash flowing, and professionally managed by the same people.Even just using the above criteria, you'll weed out 90% of the ones claiming to be "turnkey."