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.

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.

Originally posted by @Brian Garrett:@Bruce Woodrufffloors need refinishing they are hardwood, but I do not know if they will all need to be taken up for the under house work?

Quote from @Devin James: @Jon K.The average return is not the same as an annualized return, as it ignores compounding.Your calculation takes compounding into account.https://www.investopedia.com/terms/a/averagereturn.asp#:~:text=Key%20Takeaways-,The%20average%20return%20is%20the%20simple%20mathematical%20average%20of%20a,return%2C%20as%20it%20ignores%20compounding.Links to the formula for ARR, which was the subject of your original post unless I misunderstood you.https://www.investopedia.com/terms/a/arr.asphttps://www.adventuresincre.com/glossary/average-rate-returnhttps://www.highradius.com/resources/Blog/accounting-rate-of...