My business partner does a lot of work for UB property owners and shares some pretty rough stories with me.

The wife and I are starting a real estate investing business.

Your LLC has no "business" other than the asset(s) it owns.

I also have talked with this company but I feel they are not telling me the whole story, makes me leery of this business.

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

He indicated that they have begun to change their business model now and they no longer sell a property until it has been permitted.  

High taxes, a declining population, and an environment that is less than friendly to businesses are important factors to consider.

I'm looking for advice on a situation with an investment property my business partner and I purchased in June 2024 under our joint LLC in Springfield, OR.

@Kyle Carter You cannot directly use a 1031 exchange to purchase a primary residence, as the IRS mandates that the replacement property must be used for investment or business purposes.

Petitioner’s testimonypertaining to the business use of his home was vague, inconsistent, elusive, andcontradictory.