I just read the assignment section of the operating agreement and he would need to sell, assign or dispose of his share in the LLC to me.

The Fed has everything to do with driving this "upturn" with stuffing the marketplace so full of hot money that the institutions have no choice but to dispose of it as fast as possible -- which then messes up our signals because it looks like permanent prosperity is here.

It saves the demo and disposal cost but that is a minimal savings. 

In CA, when you disturb, you dispose the right way, that window may be costly, EPA certified painter and disposal will be costly, any kind of painting for that matter, the house is 1920, you need lead tests. as for asbestos, same thing.

(I create what I call a disposable LLC and write the offer in this llc so I can sell to an investor and avoid a double close, whether its a hud home or not).

Nice work, im also a newbie and its great to hear from someone who is in the same boat (not rich, works a demanding fulltime job, doesnt necessarily have boatloads of disposable income to drain into marketing).

Not unless you want increased scrutiny from the IRS and a strong possibility of all your hard work being disposed of by a judge.

The (M)IRR is not wonderful, though it gets better if/when we pull some/all our capital (and probably more) out 12-18 months down the road ...We anticipate no appreciation - in fact, we see the asset as disposable {though preferably after 5-8-years}.

When I first saw the kitchen area, I thought only the garbage disposal needed to be replaced.  

Welcome, there are so many resources here at your disposal.