Then I divide that by half for operating costs.

I had one who was with me for ten years not wake up one morning and his wife called me instead of the cops.

We may not respond until Monday morning for a broken blind, but for HVAC during extreme temperatures, plumbing leaks and other emergencies we will and I don't understand why any owner would not want to, just out of self interest.

Where I am in Texas if it is a normal loan from normal bank, they step in the day before the sale or morning of the sale and get it resolved and the property never ends up in the sale.If the loan has small balance, or is some kind of private money loan or I would say unsophisticated lender then some chance it goes to sale.

We do offer bank statement HELOCs for business owners who don't show income on paper but can show revenue coming in(bank statements), doesn't sound like that applies here.Freddie Mac allows for assets to be counted as income, 70% of total divided by 240.

Good morning, Bill, John and Bo.

Good Morning Katelyn ,Saw your post in the bigger pockets forums about getting things started in real estate.

I was also told that the LLC interest has to be divided based on the capital contribution and cannot be divided based on the work, for example it can't be a 50/50 partnership if one puts all the money and the other does all the work.Any additional insight or leads would be helpful!

You can claim it all at once, or your can divide it out over several years. 

How will the lump be divided between owners considering this?