Some of our units that lost money the first year or two of ownership, after 35 years produce more than their purchase price in positive cash flow every year.

The property when it was built in 1980 was an A property but as time, and ownership changed it has gradually gone down the scale. 

.) • Multi-unit would only support a %, so a quad would 25% and prorated over all years of ownership....witteling advantage to not worth the effort. • Single unit properties get pro-rated.

Since you are married and live in a community property state, the IRS treats your joint ownership as a single owner for tax purposes, meaning you can answer "No" and proceed with disregarded entity classification.If you want to eliminate confusion going forward, you could dissolve the current LLC and set up a new single-member LLC under one spouse’s name, ensuring automatic disregarded entity treatment without needing to file Form 1065 in the future.

Their solution was for me to take over ownership of not one but five homes from Jeff's portfolio, all of which I had sold him and subsequently leased.Despite my being patently unfinanceable, the bank president placed a bet on me because I knew the homes, I knew the tenants, I knew what I was doing, and I was rabidly hungry.

One of the GPs paid for the money up front to engage 711Rescue and they need to give part of the ownership over to Zak.

Just need the ownership

Talk to a mortgage broker or lender experienced with LLC-owned properties before transferring ownership.

Along with doubling in value, it has had one tenant the entire time of ownership, in fact, the out-of-state owners have never seen the property.

Seller retains full ownership.