He said that around Mar. he'd be looking for an intern. 

No tax benefit comes to mind, PA will still hit you on transfer taxes according to Steve B.Advantages would come from passing ownership without public notice or knowledge as the Operating Agreement and the books of the LLC are internal documents and arrangements.Another is when there are deed restrictions that cause some restriction to passing title, since title doesn't change.

I used to work international contracts so I was working with people doing exactly what you are talking about doing.There are no major cons to it, assuming you have found the right people in the US to work with.

I am getting the best possible rates and the least amount of cash into the deals compared to my competition.. so even though I am not be as efficient as some my carrying costs are lower by and large.In Charleston were I have 6 going currently 350 to 450 price point we have done that with internal cash and some private money..

NEVER EVER EVER let a section 8 tenant move into the house or sign the lease untilthe unit has been inspected by the housing authority and passedthey have approved your requested rent and told you the tenants portion they will paythey have approved a move in datethey have set a date and time for you and the tenant to meet at the housing authority for you to sign the housing authorities lease addendum.you need to make sure the tenant has called the Utility company to have service put into their names as of the day the lease is supposed to startprior to meeting to sign the lease you need to confirm the tenant has the required security deposit in fulltenant does not get the keys to move in until the day before or day of the lease start dateyou have provided your banking info to the housing authority for the direct deposit payment setupAt this point without some internal point of contact that you can call directly, you should go down to the housing authority immediately to speak with the case worker or a supervisor about the situation.

But then, it hit me, when I sat down with one and he explained why he stopped taking on "interns".

If you replace all internal pipes but still have galvanized as the main rusting inside out the water pressure will be low.It is usually worth every bit of money to pay a plumber to scope the lines before purchasing for issues.

However, the more interesting part of this tax strategy is in figuring out how to permanently defer the gain vs the temporary deferral that the Internal Revenue Code offers only up to the point where you finally divest of the property and must pay the piper so to speak...

@Tom Shepard,The internal numbers to the deal look reasonable.  

I'm concerned; however wether I'm being internally investigated thin skinned, from some of the bp modifiers who are in same field; me retail commercial.