:lol: You want to do some studying of your local landlord/tenant laws.

So, I would be transferring to my and my husband's name.Check your state laws and the IRS regs.

You have to follow the laws.

If you break the law that can be used to get around a LLC or other legal entity depending on the facts of the suit.John Corey

Would there be any legal issues if I was to sell my house to my sister-in-law for $100 bucks then rebuy it back to avoid paing the taxes on the big gain i've had so far?

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Even here, the law changes on Jan 1, 2008.

However if the seller cannot get his credit in check and align himself to buy back his property, I will simply throw it on the market.Keep in mind the original safety net is 75 percent of the value at the buy in price, this is Southern Californian RE, the price will almost never drop so drastically in that short amount of time.

these deals require lots of involvment with the owner and the owner's full cooperation.Also, be sure you find out your local laws.

My sister-in-law told me that there are lots of properties for sale and a few large developments that look like they've halted construction (she does not know why).