The lender says the new partner will need to submit documents to prove they are an equal guarantor for replacement.

In order to past this SS test, your appraised market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA).

Understanding and taking advantage of the variety of tax credits boosts the return on your property and allows you to be part of the move to conserve our nation’s historic treasures.When rehabilitating or investing in the rehabilitation of an eligible historic or non-historic building, you may be able to take advantage of one or both of the historic tax credits: 1) Historic Tax Incentives and 2) Historic Preservation Tax CreditsYou can receive a federal income tax credit equal to 20% of the costs associated with rehabilitating the building.

Some record a community property agreement in their county to ensure both share RE equally.

Do not care about the concept of "EQUAL".9. 

If you are say 50 or so, the 72T will allow you to take substantially equal amount out each year until 59.5. 

The higher our value, the higher the equity gain is - even if the % of gain is equal between the properties...the dollar amount is higher on the higher valued home because the property is worth more.

Before rates went up, if you could beat the "1% rule" (i.e. annual rental income was equal or greater to 1% of the total price (purchase and rehab) of the property) it would usually cash flow. 

It's best to review with a good RE attorney, potentially a business attorney, and your tax professional to make sure you're set up to avoid mistakes along the way.Also, discuss the ramifications of how it works with your lender (if there will be one) as not all lenders and loan programs are created equal when dealing with LLC's.

Is there a danger one could end up taking more from the LOC account if say rent doesn't equal to withdrawal due to vacancy or tenant not paying rent etc?