Don't buy or transfer ownership before he passes to preserve the step-up basis eventually when you inherit.

@Don KonipolThere is a great saying I like:Concentration builds wealth, diversification preserves wealth.

Hi @Jackson Hanssen Ty for answering.I don't want to merge the two LLCs because I'd like to preserve family only ownership in my family LLC (LLC-A) for the same number of doors.

Since you’re aiming for a minimum sale price of $225,000, if offers aren’t hitting that number, renting could help cover holding costs while preserving your long-term profitability.### Final Thoughts:- Consider a modest but impactful price drop to $235,000, which is closer to your minimum acceptable price, and simultaneously address any concerns buyers might have by being proactive with inspections and disclosures (mold, cesspool). - Don’t hesitate to tweak your marketing strategy or even target alternative buyer groups like cash buyers or investors looking for vacation rentals. - If you don’t get significant movement within the next few weeks, preparing for a rental strategy might be the safest way to avoid holding onto the property through winter at a loss.

Consult a lender to determine the best option for your goals.IF you want to preserve section 121, you should think abt selling your hour to S-corp.

Creditors can't force the sale of assets within the LLC, preserving their integrity and protecting the business/real estate.

Window AC is not the best because the property has the original windows, and most window units aren't made for historic windows with storms over them.I want to preserve the character of the property, so smaller units mounted in the ceiling will be the least noticeable.

My focus was on doing everything I could to preserve her food, not on responding to guests for the first couple of day while we were without power.

At this stage its capital preservation being the goal.

Framing the idea as a way to preserve and improve the family property (rather than focusing on personal gain) might help avoid misunderstandings.