The problem is that the lender is asking me change my existing cash value insurance policy to a replacement cost basis policy.  

Sure, there may be instances where they want to put it into an LLC but any reasonable seller would not have an issue with a purchase addendum changing the name of the buyer from an individual to an LLC or corporate entity.

Ran the numbers if it was just going the one occuppant with all the insurance and a down payment of $10k Cash flow is low - $73/m but that is based off one occupant @ $1850/mCap rate is around 9.6%And COC is around 8.7%If the other is rented out then number change but trying to be conservative.Is this a good deal or bad?

Ran the numbers if it was just going the one occuppant with all the insurance and a down payment of $10k Cash flow is low - $73/m but that is based off one occupant @ $1850/mCap rate is around 9.6%And COC is around 8.7%If the other is rented out then number change but trying to be conservative.Is this a good deal or bad?

Most do this for 'asset protection' but forget to inform/ask their title co and insurance carrier of the beneficiary/owner change. 

I run an unrelated business from home as a sole proprietor that will be impacted by the change, but my understanding is that we can still take all appropriate deductions on rental properties.

Had a lot of life changes the last 4 months with marriage and then beginning real estate investment so I've slipped on goal planning.

Remaining tax would be total taxable gain less depreciation recapture less PAL carryforward (from "unused" depreciation expense)Alternatively, could I not depreciate the property (which i did not do for the past 2 years in error and need to file amendments) and file a Form 3115 (application for change in accounting method) in the year in which I sell the property to catch up and claim all the the missing depreciation all at once?

Do existing lease agreements stay in affect when ownership changes hands?

I keep getting conflicting answers when researching, so hoping someone current on the changes can help me out.My father passed away in February 2018.