Selling a share of an LLC/Properties

[Artem Lopatchenko]

Hello,

I'm sure this has been answered somewhere before, but I cannot locate an answer. I am looking to put my properties into an LLC (100% owned by me) and then create a parent LLC that would own the subsidiary LLC in full. I would own a 75% share in the parent LLC (effectively selling a 25% stake in my properties to bring on a partner).

- What would the tax implications be as far as the $25,000 pass through allowance for RE nonprofessionals? 

- Also, for those who have done this or something similar, what advice can you provide?

Thank you