This method allows each partner to defer capital gains tax on their portion of the property.It's important to perform the "drop" (distribution of property to partners) well in advance of the "swap" (sale or exchange) to comply with the "held for investment" rule.

If not, please PM me the email address associated with your your Stessa account and I will work with Stessa directly to get you set up. 

Is this true as well?

You can use the "website" button in my signature below to set up a day/time that works for you.

@Brandon Pimm my friend and I are in jersey as well looking at Allentown as potential first rental property purchases.

A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!

While dealing with all sorts of people, and dealing with lease violators, are all part of owning/managing properties, YOU set the tone for how you will be treated and how your tenants are expected to behave. 

I’m open to other suggestions as well, but especially interested in any info/suggestions regarding the markets listed below.

And or some kind of fee from the investor as well?

@Patrick Osterling similarly I come from a sales background as well.