Hey Luka, and yes indeed I do, but a good a magician never reveals his tricks!

In the same report the inspector is recommending to the buyer that We (the seller) "treat for termites against further termite damage.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Not sure how CA handles it, but for example signing a new deed, of any kind, today won't help since that will screw up your "seller's" tax reporting, even though that was years ago. 

Their reportable income is low and most of their net worth is tied up in their share of their business.

How do they pay rent, how do they report maintenance, and anything else you need them to know.

Since the the LLC is owned only by my wife and I and the previous property was only owned by my wife and I, at a federal tax level, there is no difference in how it would be reported on our taxes since we file jointly. 

You'll have reporting requirements with the IRS (like Form 5472, among others) and the penalties for not filing correctly are $25,000 plus.

Along with the record of survey is a requirement from the surveyor to get a preliminary title report.

One thing to note is that you have 30 days to shop other mortgage lenders and all will have the same credit report to work with.