Are there problems I should be aware of when buying a property last transferred at ridiculously low price via quitclaim deed?

Even if they can see you used to own a property, when properly transferred it will look like it was sold to investors.

BUT, you probably wouldn't get it until it's all been seasoned for 6 months.Up front, you could purchase it via an FHA loan with 3.5% down but you'd have to move in.The easiest way to do it zero down is if your grandma owner financed but if the title transfers that could trigger the due on sale clause.Is she willing to lease option it to you?

If you try to transfer a property directly into an LLC, many lenders will try calling the note by using the Due on Sale Clause.

Am I able to transfer sole ownership to her without complicating the 1031 or creating a tax penalty?

We can choose to be more involved, but I feel for those who feel they have no choice but to let a PMC take full control in order to keep their property (ex. elderly, estates, people who had to transfer out of town for work, etc.)

Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset)Liability: the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.A liability is defined by the following characteristics:-Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time;-A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand;-A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and,-A transaction or event obligating the entity that has already occurred@Angelique Diaz I get where the Rich Dad idea comes from but I think we are forgetting that he wrote that book not as a REI text and more as a midst shifting primer for those that have little to no financial education.

I may be wrong, but I think as long as you show proper documentation (bank statements and written statement of how it got there) of where the DP came from, you should be fine.So you may need to get copies of your partner's bank statement showing the transfer as well as yours.

Wealth to transfer down in your life to your family?

I currently work in Nuclear Engineering but am looking to switch fields as I transfer out.Looking forward to connecting!