Over the past few weeks I've been on fire about the real estate investment market thanks to a close friend and member (I think) of BP.

., are all very general numbers that should really not be relied on exclusively.  

The Perfect Investment by Paul MooreHe is a BiggerPockets member. I

Ideally, the accounting would reflect how much each member is able to entitled to safely withdraw (for instance, after a year of positive cash flow).  

Of course, keep in mind that it will have to be re-appraised to establish the current value and that is another cost you have to pay.

If your family member is still interested in selling PM me and I can give you some ideas on how to get more for your note.  

As far as I know the solar company that contacted my family member is trying to find a city in California that would purchase the power from them.

The flooring needs to be pulled and pipes need to be re-routed. 

"an LLC with only one member is treated as an entity disregarded as separate from its owner for income tax purposes (but as a separate entity for purposes of employment tax and certain excise taxes)" irs.gov.  

In order to avoid entanglements with the LLC or the majority member, I would buy it outright from the LLC for the $1 plus assumption of liability he wants.