Please see additional considerations below.If you are eligible to set up a self-employed Solo 401k (or have a 401k plan through an employer which accepts rollover contributions and allows for 401k participant loans), another alternative which would avoid taxes and penalties would be to transfer your funds to such a 401k plan and then take a 401k participant loan.

I'm sure you were just using the term loosely Holly, and you meant it in general that you are able to 'shelter' the income you make from the properties through depreciation, etc.Of recent, syndication of conservation easement transactions that purport to give investors the opportunity to obtain charitable contribution deductions in amounts that significantly exceed the amount invested, are considered tax shelters.Great points, just wanted to clarify that one.

You can always Contribute Property to an entity without any tax consequences.

(Work [can be REI or your 9-5], Relationship, Spirituality, and Generativity [Legacy or Contribution to others or community])Why are you doing this? 

I only request the budget when downpayment is 5% because Fannie and Freddie require a full condo quest where it shows if the HOA contributes 10% towards their reserves, it is only on 10% downpayment and up that only a limited review condo quest is required and the reserve question is not listed there

Thanks everyone for contributing!

As you search around you will see people from all over Connecticut contributing on the forums.

Unless there is something you are not saying about the legal registration of the property.The courts will need to determine what value (cash) you have contributed to the structures and financial upkeep of the entire property (taxes etc.) as well as your sisters and your parents contribution.

We filled our capacity by mid-December for 3/15 and 4/15 and I image the other awesome tax pros that contribute to BP are in the same boat.A CPA who can take you on at this point: (1) is new and doesn’t have enough clients to be at capacity at this time of year; (2) doesn’t have a good operational model in place; (3) just hired fresh talent that has expanded capacity; or (4) is willing to give other clients a bad experience if you pay them enough.On points #1 and #2, I know because I’ve been there with building my own firm.

Does anybody know if you can just transfer money from a heloc to your business account as a "owner contribution"?