I made 120k in equity last year with the sale of the houses but because of how stupidly our business was set up, Our tax guy suggested my partners give me most of my equity as a gift because we didn't want to get taxed on it twice.

My lawyer  needs advice from someone more versed in the tax law.

You can try to use their taxes for verification but it is still difficult, CAP rates will not reflect tenants that need to be evicted.Hopefully, this has been helpful in providing some additional aspects that are unique to CAP Rates and Mobile Home Parks. 

Once again, we find another recession indicator flashing red.Given the multitude of economic crosscurrents, it’s crucial to seek the best assistance available to mitigate taxes, and manage expenses to navigate through potentially turbulent times. 

No personal income docs or taxes needed.

A staggering 86% of households earning under $25K spend over half their income on rent, highlighting the acute affordability crisis.Urgent calls for policy intervention, including incentives for housing production like the potential reintroduction of the 421-a tax abatement, are echoing through the city as leaders grapple with the severity of the housing shortage.

So, it will be taxed as ordinary income. 

If you are looking to use your W-2 and tax returns to qualify, you would be using a conventional loan, which typically don't allow LLC vesting (unless you transfer the deed later).

Pittsburgh is very affordable and the taxes are low outside of Allegheny County.

My understanding is that the $480K qualifies for 1031 treatment and tax deferral.