Good day BP people, I believe I'm close to pulling the trigger on a fourplex that I found off market.

What could have happened to my guys if they'd have pushed something just the wrong way to pull off a trigger squeeze? 

If you are doing a quit claim deed for a property in your name into an LLC where you are a member, then no capital gains tax is triggered. 

If she doesn’t pay the rent on time, it will be treated as late payment and will trigger late payment procedure defined in the contract.

Pro: in some state you won’t trigger a reassessment on your property taxes (in some however you will have to disclose the change of ownership)You may also not have any stamp tax as there will be no new deed recordingYou won’t have to pay for a new LLC.The LLC will be more seasoned and may look better for a lender.If you put a trust as member or another anonymous LLC, it will give you great anonymity on the ownership.Con: you inherit all the past liability of the LLC.You inherit also the initial depreciation of the property from the initial buying cost and also the recapture...For all these reasons, I rarely buy an LLC but prefer to deed the property into a new LLC instead.

Although this is an AMAZING platform with tons of free knowledge from big players in the game, 80% of the folks on here will never pull the trigger and invest in RE.

I recently had the opportunity to send my first contract but a part of me was still hesitant to pull the trigger.

Ask me how I know ;)Aside from that continue to be a sponge and learn as much as you can... then pull the trigger! 

I can't see it passing an audit without triggering some sort of gift tax at least.  

@Brandon Pierpont All of the management software out there has some sort of "reoccurring" event triggers and in the last couple of years there was a software called Property Meld that came out but that was built more to create efficiencies in the typical work order process.