What if the end tenant defaults and subsequently the realtor defaults Rose?

Subsequently, once the LLC has been re-registered in the name of the solo 401k, you can keep the LLC, which would now list the solo 401k as the member instead of the IRA, or you can move the assets inside the LLC (e.g., notes and real estate holdings) to the solo 401k and then dissolve the LLC with the secretary of state. 

We can do our own roofs if needed.The insurance premiums were subsequently reduced significantly, 

If you approach your partnership agreement and your subsequent interactions from the perspective of making money AND taking care of the relationship, I think that gives you the best chance of succeeding as a business and ensuring that everyone remains friends.A few other scenarios to think through: make sure you decide up front what happens if you decide to split up the LLC, but you both want to keep the building.

What are the price ranges like for 1-4 units and subsequent rent rolls?

Subsequently, you can take distributions from the retirement account to live on.

Each subsequent rental rented for more so that the property grossed nearly $3k per month with no mortgage and water as the only owner provided utility.Jump ahead a two years or so and we took out a line of credit against the property in the amount of $100k and bought an off market 12 plex in the Union Hill neighborhood in KC.

Note that the Court may shorten this period if there is sufficient evidence that the mortgagor, or any subsequent encumbrances, has no equity in the property.6) Court Ordered Sale:  Once the Redemption Period has elapsed, the court will decide on an order directing the sale or other means of disposing of the property.The foreclosure process in Alberta differs in comparison to other provinces, in that it is the court that decides to whom the foreclosure property will be sold, and for what price.

If you buy properties using a 1031 exchange and the property you sold was in your name, can you subsequently transfer ownership to an LLC without triggering a capital gains bill from the IRS since its not in your name anymore?

(There was another post recently by someone who did exactly that and were subsequently denied.)