What no one is talking about it the amount of debt families are carrying right now.  

Its caused him to go in to extreme debt and he just needs to get this handled. 

Stripped to the studs, new electrical, new plumbing, restored original wood floors, and brought a 1946 gem back to its original form!

The seller will have reduced debt capacity because the existing note is still calculated as a debt - they MAY be able to include an offset equal to the buyer payments after a period of time, BUT often the seller is surprised to find they can not qualify to purchase another property3.

Taking bonus depreciation early is a tax deferral, not a tax savings.Recapture is real and debt must be repaid!

Lesson I learned was finding a good tenant and getting the prospective tenants fully vetted with their income and debt to make sure they can afford my rent.

It also allows you to grab debt from bank easier since there is more revenue and expenses going through this compiled LLC vs. each individual LLC.

Until Fed begins to cut rates I’ve found alternative lenders in some cases to be competitive with banks on construction debt when considering the totality of factors (rate, leverage, depository relationships and pre- payment penalties).

Is it debt way above the 5-6% you can get guaranteed from the bank?

In your example sell the $2 mil building (assume there's $600K of debt remaining so there are 1.4 mil in proceeds).