Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

I'm a licensed agent in Georgia and my brokerage works exclusively with investment properties in/around Atlanta.

@Mark Grozen-SmithI’ve been using Schlage be365 exclusively for over a decade.

The frequency of double closing, at least in my business, depends almost exclusively on how great our deals are and the size of the fee.

You can only take advantage of section 121 exclusion every two years.

Driving for dollars is a time-consuming and expensive strategy - although, D4D is the best way to build a personalized and exclusive lead list, and these leads often turn into the most profitable and lucrative deals for wholesalers/REI.

IMO, there are other clear factors for which the PM LLC would benefit me, such as converting the rental income from passive to active and making it eligible for the IRS Foreign Earned Income Exclusion as well as a Solo 401k and SEP IRA, while this would add the self-employment tax, it would drop my taxable income considerably.

A few particulars-We live in MT-Married filing jointly-Filed QJV since start of business-Owned property since 07/2019-The property was bought with 2 homes, we added a 3rdand a workshop-All three homes were STR during summer months-We lived on the property all months of the year (Summer in workshop / other times in one of the homes) and the entire time we owned it-Sale date 06/30-Approximate estimated capital gains of $590,000We have filed taxes ourselves since purchasing the property and with the sale trying to figure out the capital gains exclusion along with the business use, personal use and recapturing depreciation…it’s all just a bit too much for us.

While an LLC may be beneficial for other reasons, the California parent-child exclusion is not eligible for property given through an entity. 

If they haven't given high value gifts prior, then they will fall under the 5mil (I believe that is current per person) exclusion, which makes everything easier to you, and then to LLCs at a later time.