The realtor and attorney suggested I use a m2m lease for the 3rd unit for a friend or family member. I

As you acquire new loans those numbers can be re-evaluated as cash flow is added.  

The information contained in this post is not to be relied upon. 

The family member is covering the majority of the bills but there are a number of pitfalls that you'll be stuck addressing. 

Then we created the NC LLC with the WY LLC as the member. I

So as a member, I encourage you to do your part to help by reporting suspect posts.Part of what is happening is BiggerPockets has become successful and is attracting more users.

If you don't, your loan will be re characterized as a distribution and incur taxes and penalties.Your repayment to the plan will be with after tax money.

Self-storage units haven't been a topic covered since I have been a member. I

This would be preferred as to reno the factory into livable space it would cost $$$$$$ and also it would need to be re zoned.So upstairs apartment 1100$ a monthGallery space lets say 1600$ a monthBasement lets say 900$ a monthFactory space just for ease maybe 1000$ a monthThats 4600$ a month and around 55,200$ a year.I have around 120,000$ on the mortgage and after this whole shitaroo of an epidemic probably -50,000$ on a credit line with a limit of 100,000$ limit.

This would be preferred as to reno the factory into livable space it would cost $$$$$$ and also it would need to be re zoned.So upstairs apartment 1100$ a monthGallery space lets say 1600$ a monthBasement lets say 900$ a monthFactory space just for ease maybe 1000$ a monthThats 4600$ a month and around 55,200$ a year.I have around 120,000$ on the mortgage and after this whole shitaroo of an epidemic probably -50,000$ on a credit line with a limit of 100,000$ limit.