Talk to a CPA.Yes there are depreciation implications, as you would basically be stepping into the shoes of the previous owner of the LLC.

Above and beyond what I would expect from a general contractor.As investors we see things through rose-colored glasses. 

If you are in my shoes would you sell?

Many of these folks were in the same shoes in the past, and people like to help others who are vulnerable enough to mention they are new and getting started.

One shoe does not fit all, but this has worked well for me.

But I finally sold to a couple and once the county completes the code enforcement, the cabin will increase in value by 10-20% easily.If you put yourself in the renter/buyer's shoes, you should be able to identify what increases and decreases values.

Now you're caught between a rock and a hard place...It's a valid strategy, but should not to be taken lightly and isn't all roses. 

Additionally, we have used an Enrolled Agent CPA, who can stand in our shoes if we were ever audited by the IRS.My houses are in my profile so you can see how we have progressed. 

I buy Nikes running shoes, at the outlet mall.

He rose to the rank of Lt.