Changing the name allows you to retain all the current accounts and credit history while ensuring the LLC reflects your new purpose.If you're concerned about privacy, consider changing the name while also updating any public records to reduce the chance of someone tracing the LLC back to its original purpose.

I purchased a property originally for myself but have decided to build a duplex and rent it out. on the second half of the property have plans for a 6-unit building.

It allows you to write off the remaining value of the original roof, while putting the new roof into service for depreciation.It’s advisable to push for the partial disposition to maximize your tax benefits, even though the insurance proceeds themselves are not taxable.

Originally posted by @Stacy Petty:Great to know Max, as I’ve never looked into Georgia, though it is where I am based.

Originally posted by @Elizabeth M Gunther:Hi all,  Just wondering if anyone has had a good experience with a property managment company in Detroit?

I'm originally from Canada and now in Florida.

My question: In the original lease it states to make payments via check or money order to the Property management office.

You can read the whole saga and a roundup of the many different accounting and property management platforms I looked at over at my original post.

This is not a "real estate rental income" activity as defined by the IRS, so whether you are a REP or not, you can take this benefit.All of this is separate from a QOZ Investment, which would require you to first recognize a capital gain from another source (say a stock sale), invest that gain, hold it in a Corporate or Partnership structure (likely partnership), meeting the substantial improvement qualifications of being a QOZB, and then yes, you get to avoid the depreciation recapture at the end of the 10 year hold period, at least for the portion of your investment attributable to the original gain that you invested in the project. 

The LTV ratio also dropped to 70% from the original quote which was 75%, which impacts the cash-out amount.