I am currently selling a 16-unit apartment complex, the first one to sell since 1998 when this buyer bought this one!

Outcome currently is a rented basement for $1,350 a month + $130 in utilities while I live in the upstairs unit.

So, I talked to the current tenant got her bills (I knew how much they would be roughly since I had a rental up the street I was remodeling to get on the market).

There are also other strategies that can work better currently, depending on what your goals are. 

In fact, given current boom in Stock market, one is way better off investing there.

As such, we need to place an emphasis on preserving the current stock of affordable housing that is already on the market.

Currently we have titled our 16 properties in 4 LLCs and we have a 5th LLC where we manage our properties.

I am currently simply educating myself on such options. 

Since you are married and live in a community property state, the IRS treats your joint ownership as a single owner for tax purposes, meaning you can answer "No" and proceed with disregarded entity classification.If you want to eliminate confusion going forward, you could dissolve the current LLC and set up a new single-member LLC under one spouse’s name, ensuring automatic disregarded entity treatment without needing to file Form 1065 in the future.

I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.