I was recently flagged for tax audit, and one of the asks was to show all hours spent on real estate.

Only issue is the debt service coverage ratio is about 1.0 piti (20% down) will end up at about 2400/mo rent is likely 2400-2500.There is some value add work which can be done in terms bringing the finished basement up to fire code so it can be considered living space.What do y’all think.

We are trying to put my name on the deed and take her off without her losing her benefits and avoiding transfer taxes.

I think rent survey is going to say $1250 which is too low for $132,800 loan with tax and insurance payment is $1319... devil is in the numbers 

He claimed that transferring ownership to LLCs would trigger transfer taxes which also justified why I needed land trusts.

. - Capital stack needs to be clear, with preferred equity (if part of the stack) clearly represented as what it is - second position debt that multiplies leverage on common stock. 

With no debt and a 778 credit score.

I think the Greenville/West Side area gives you the best of worlds: socio-economic diversity, big lot sizes, proximity to new developments and low taxes.

My loan processor sent 1098s to the landowners on my behalf, but I did not receive any tax forms. 

We have two new construction projects getting ready to break ground, 2 cash out delayed financing loans in process, and almost at the end of our first debt cycle, getting ready to emerge into the next phase of our growth stage.