Based on what I remember, it gets even more complicated if the 401k is from a previous employer.In your case, since Fidelity is declining the account due to the nature of the retirement funds, one option might be to consider rolling over a portion of your 401k into a self-directed IRA, which typically offers more flexibility.

One things are rolling, it takes relatively little to keep that momentum on flat straightaways.Similarly, pulling the pieces of a business together is a similar effort.

I’m planning on selling the property and rolling the equity into another project. 

I called my own mold remediation contractor who tested and remediated mold.  

I'd certainly recommend doing some kind of environmental study given the chemicals and such that could have been used there but more-so I'd be curious if the city wouldn't have a testing requirement to redevelop. 

. :-)@Joyce A DebrahHi Joyce,I suppose part of your question rests in how much of a roll you want to take on in your real estate investments. 

Checkout section 469 of the tax code for material participation tests and what it all means.

From an income tax perspective, the LLC provides you with absolutely no benefit.Even from a "anonymity" perspective - if that is a Single Member LLC, the K-1 from those syndicates is still required by the IRS to be issued directly to the beneficial owner - you.If you don't make it a single member LLC, say your spouse is also a member, now you have a partnership tax filing - if it holds a number of LLC interests, it is now a partnership filing that is a pain to file to roll all of those activities in and report it on to your personal returns.In short...most likely it is best to keep it simple. 

Literally pay for them then let them go to tax's but seller wanted all or none, many investors would balk.. just goes against the grainLets See some more James Wise wisdom and detailed posts I for one appreciate them.Fried Ruben rolls... can't get them out of my mind..

Do roll out tables.