I generally recommend if you're not going to buy a property in the city/market where you currently live, the next best place to look is where you have family (and presumably a place that you'll visit relatively often and easily).What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper", assuming you buy in Peoria or a similar priced Midwest market?

In general though, I would think that if this is a partnership LLC you could make a capital contribution in return for equity in the LLC. 

Eminent domain does not work that easily or simply. 

BTW, you can do an LTR on any property - house or condo - without applying for a permit.In the right location, you should expect to see at least a 2x return on an STR as opposed to an LTR.

Can you imagine how hard returning the wrong delivery would be?

This was just listed on the market, and boasted a great return.

This allows for proper retirement of assets.If a property has already been sold it may still be a good candidate for cost segregation as long as you sold the building and have not filed the tax return.

From there, you can better estimate the end numbers and work back to figure out the GP/LP  equity needed and the estimated returns.

@Stanley Nguyen Interest income from private lending is taxed as ordinary income, which can significantly reduce your effective return.

If they are professional, they can explain this quickly and easily.