Have the deed holder be an entity (the exact entity and state of filing should be determined by your legal counsel with input from your tax professional). 2.

If you can get into some properties in Salem or Nashua that might make sense too but the tax bill might eat a good portion of your profits. 

Would I still pay taxes on what I don't spend on the down payment?

So they want to pay capital gains tax right away instead of letting it appreciate tax free?

Reaching out to the BP community for  recommendations of tax and legal professionals close to my area specializing in real estate investing. 

Question for the tax pros out there.If someone inherits a home from a trust after death of the owner, and the home is their primary residence, does the two year period to exclude capital gains on the sale of a primary residence start from the date of death or the date the house was distributed from the trust? 

Nevada is also a landlord friendly state with low property taxes.

They can ensure a smooth transfer and advise you on potential legal and tax implications specific to your situation.

The owner wants to minimize the capital gains tax he pays so we want to suggest to him to do a master lease to us for "x" amount of time, and we pay his lease fee and hold the rest of the money in this time we will secure a loan to buy using the money we make as part of the down payment.

If so, I always recommend getting the study done prior to rehabbing.