I've been trying to add as much value as I can to the Raisemaster community as I navigate into the world of capital raising.  

Why not take his name off the LLC and put it in your name now while the LLC has $0 of value (or whatever nominal amount your articles of organization or operating agreement say that you contributed)?

Meeting the team personally has some value but I have worked with dozens of investors who have never been to Memphis and never meet me face to face. 

He would like to sell it and buy 3 more properties of similar value with 20% down loans.

My tax professional is stating that I would need an appraisal to show the lot/structure are valued at $400k if I try to claim $200k as a donation.

Further, it probably would also require the ability to “reposition” the property to have the below market value you seek.3.

Thank you Nick - unfortunately it is the name of the game in this space that there will be people with bad experiences, typically when the appraised value doesn't come in as what they expect and they lash out at the lender accordingly (anyone in this space obviously understands this occurrence). 

To me the value in diversification is that it helps nudge you to look for other opportunities and revenue streams where you might otherwise just be content to stay in your lane and then you'd never find anything new. 

You can guess what the value is now on those same properties they still own.

Most lenders I work with would lend you 70%-75% of the value of the property, but only so much that your NOI/profit is 20%-25% of the monthly loan payment.