The water is getting in from somewhere, and if left unaddressed, it could lead to bigger issues down the road.

We have quitclaimed property into llcs and left loans in our personal names without issue.

For properties valued between $30M and $40M, the commission rate tends to be on the lower end of this range, often around 1% to 2%.Some brokers may also opt for a flat fee structure, which can be advantageous for high-value transactions.Comparison with Provided Rates:For a property under $34M, the commission is 1%, which aligns with the lower end of typical commercial real estate commissions for high-value properties.For properties between $34M and $35M, the commission is a flat $400,000.

@Brad Neihardt, I am not an accountant, but my understanding from my accountants align with Michael's comment: your actual cost basis can be depreciated, with some discretion on the timeline you depreciate your costs on.  

Finally I found my Los Angeles realtor (third time's the charm) who was and is an all-star and she also sold my house for me in late-2020 when I left California. 

With the right upgrades, we knew it could be repositioned for a significant return, aligning perfectly with our strategy.

It sounds like you're taking a thoughtful approach to real estate, and the BRRRR method could be a great fit for you as it aligns with your goal of generating passive income.

All that's left is deed prep, notary fees and other misc. fees which fluctuate very minimally. 

So, the PMC should have the most interest aligned with an owner's. 

He actually "paid" before the due date - the money left their account before the due date.The system, whatever it may be, is not the fault of the tenant.