The nature and taxation of your LLC will determine whether or not you could rent from yourself. 

We have to visit the building to drain quarters out of the laundry so we have a lock box in the laundry room to get checks from the Luddites.

Counties are getting better and better at readjusting taxable values more frequently, so in my experience you MAY have a year or two where they don't tax at the real value, but eventually they will adjust it up to that level.

As such, you want to work with a professional who understands partnership taxation along with understanding how K-1's are reported on your individual tax return.If you are looking for a CPA based out of New Jersey, below is the site where you can verify that the CPA is indeed licensed by NJ - https://newjersey.mylicense.co...Best of luck to you!

I've done actual all cash sales on some vacant land, lower value etc...no issues, but it wasn't to defraud someone, or another common issue with these will be the intent to avoid taxation...again if that seemed to be a motivator I wouldn't participate in the transaction unless I could confirm things were up and up. 

And moving forward get a company to perform quarterly inspections of the system to ensure its working properly.

8% + other quarterly fees, don’t recall exactly but it was definitely coming up to more than regular LTR.

So I currently have a single family home I purchased with a MIL quarters in rear.

The lease specifically states that any occupant who stays over 10 days in a calendar quarter is a violation of the lease unless prior written consent is given by landlord.

Not mentioning taxation of the net even.