If you are really going to hold forever and you really want to pass this on to your heirs...Get a good estate planning attorney NOW because you want to get these assets into protected structures that can increase in value without ever hitting the estate tax exemption limit.Over the years, I systematically moved income producing real estate into GRITs, GRATs and GRUTs and now no matter what happens it is all out of reach of the estate tax man and creditors.

You really need to only stage the living, dining, bathroom and kitchen areas.

I was wondering what the general cost of an addition at ground level to the existing structure would cost.

Now I'm just appalled that y'all are out there rehabbing houses with absolutely no knowledge of structures (sorry, had to throw in that bit of sarcasm).

I agree with @Joe Gore - until you can afford to shell out thousands of dollars to an attorney to structure everything with a bulletproof vail, go with a strong liability insurance policy.

How would you structure it?

Here in So Cal we're seeing quite a few potentials deals that will work IF we can add an additional room(s) and/or bathroom(s).

For anyone that has done this strategy, explain how I should structure my offer price with the seller and my assignment fee to the end buyer.

@Steven Hamilton II what is the best way to structure a business for flipping in regards to taxes?

Perhaps it might give you a better eye for structural details/problems before committing to a property purchase?