First of all good job at Texas State I went to UT when your bro was killing it.  

A member with a special basis adjustment in property held by an LLC that terminates under the technical termination rules will continue to have the same special basis adjustment with respect to property deemed contributed by the terminated LLC to the new LLC, regardless of whether the new LLC makes a § 754 election.In addition, if an LLC is terminated by the sale or exchange of an interest, a § 754 election made by the terminated LLC that is in effect for the tax year of the terminated LLC in which the sale occurs, applies to the incoming member (IRC §1.708-1(b)(5)).It's interesting (and tell-tale) that those same people who touted you use an LLC to do this made no mention of all the technical problems they bring to the table.  

To save afew bucksFound stove,fridge,microwave cheap with bonus baby roaches"sweet"Memo to self: buy new or look the stuff overOne tenant is going to get the rest of my money to me no later than saturday:) I accepted only shy $40 he has helped me without taking any pay onetime on a sewer and also getting appliances off truckHeres a great possible tenantthree phone numbers that aren't workinghis employer doesn't know him that's weird becausehe is a supervisor second shift and is making tons and been there for years and the office f$&ked up He will straighten this sh@t out and have them call me!

But, the market will know that the cap rate created by the sale is an outlier.Unfortunately when an unethical TurnKey provider touts Crap rates they most likely are using unrealistic NOI's and their own actual not open market sales. 

Agents will probably be touting the statistic that shows the median new home price increasing by 4% from last August to $338,560.

No matter where you are in OC, everyone touts Catalina Island, for some strange reason.

Especially here at BP.Most that come here and tout courses,etc are most of the time either shills or students who praise a product but yet have not done any deals.

But just for fun, let's worth through some of the numbers:$20K of additional marginal income$12K after taxes (let's assume you make a good chunk and have a high marginal tax rate)$100/door per month is what many people tout as a reasonable ROI metric$12K per year is roughly then equivalent to 12 doors of real estate in terms of cash-flowHow many people on BP would work "more hours" to get 12 more doors of income producing real estate? 

Lots of companies have been touting that investors are taking over the market (many of whom have an agenda, of course), but no one seems to have data from past years of how many investors there were in years past.Before making statements about how much more impact investors have today, the reporters and commentators out there need to get solid evidence and make conclusions based on real data.Certainly it is in my interest to make claims like there are more investors today than ever before, but since I have absolutely nothing to base that on, I'd never make such a statement.

There have been people touting doom and gloom for as long as I can remember, and surely the same was going on long before my recollection, internet, podcasts, etc.