Otherwise, if you already bought the property in your name and use QCD to transfer to LLC it's easy to track.3) Getting properties off your 1040 tax return: once you accumulate enough real estate, for various reasons you may not want the proeprties to appear on your Schedule E.

Just put yourself in the shoes of the other side of the deal and consider what numbers would make sense for them.

I am eager to start but can't get around the glaring issue of not having initial capital so I was wondering if there are any methods you guys would use to raise capital if you were in my shoes or is it just time to put my head down and put in long hours? 

And I love that you are cognizant of the appearance of impropriety. 

He put paint on wooden floor and walked with paint shoes all over the property caused white marks and shades on the nice costly wooden floor.

If I were in your shoes (which I was recently, and will be again when I move to the next property), I would call up 10 different lenders including small banks, credit unions, etc. and tell them your situation, what you are trying to do, and how they might be able to provide a product to support you. 

Put yourself in the shoes of an investor: is the property in a good market?

When i press on the cracked areas, it does not appear soft or wet.I plan to fix it, but I worry it may reappear in months.

I want to know everyone’s opinions on what they would do in my shoes.

What would you do in my shoes  If you are talking about $90k profit before transfers in Cumberland...without question id sell it instead of holding it.