When you say Fourier Builder you mean a contractor that builds/remodels the same series of houses?

Even if a real gift occurs, you have zero basis in the property and hence no depreciation benefits, as well as any subsequent sale being subject to capital gains on the total sale price.Your father in law can form an LLC, transfer ownership of the property to the LLC, and gift a percentage ownership to your wife each year.Finally, don’t take anything I or anyone else says on a forum as definitive; these strategies require the opinion of a tax accountant or a tax attorney - or both.

I want to take advantage of my good credit score to get a residential mortgage, and then transfer the property to an LLC that I'll open together with my partner.

I bought my homes with Reunion Investments LLC and they have been able to help me replace my income and live the way I have always wanted, and now I get to use my teacher's salary to pay for teaching supplies.

Because getting financing through a new LLC is difficult, how would you recommend approaching securing the financing and title with the LLC?

Here are the answers:      Its owned in an LLC and each family member owns a percentage of that LLC but the relinquished property is owned under one single LLC.Thank you!

I've also read that it's a good idea to register an LLC in the state that the business is conducted in, which in this case would be Georgia.

I didn't consult with a lawyer or CPA before registering the LLC.

(he lives with his mom, not at my house) Eventually i want to put the home into the name of an LLC, but i don't want to make refinance difficult or be put in a position where we have to wait an extended amount of time but i need to keep my home protected.  

And then some long-term advice such as: is it worth creating an LLC for this single apartment which will be my only income in the US?