Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

You do not need separate checking accounts for each property if the ownership is the same.

definitely need to have lawyer look at it.Risks/additional hurdles- On the practical side, the absence of deeded rights makes tenancy in common ownership considerably more risky than condominium ownership, even where the TIC owners have separate financing.

LTV would be determined by the type of loan.

Typically you cannot 1031 out of a syndication as the partnership (ownership enttiy) must be the one to do it, not an individual investor.2.

I question if they get kick backs or actually hold ownership in this company.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

People always say there's no value but that's not for you to determine.

Sometimes they have a pre-determined amount they are willing to share, sometimes they say they are willing to pay but the amount must be negotiated. 

Cash flow has been hampered by an increase in cost of ownership recently, specifically insurance.