Insurance will do most of the job for you, but the insurance companies will always try to find a reason to say that an incident was not covered under the policy.For federal tax purposes, single-member (single-owner) LLCs are disregarded entities. 

That may be the state timeline rule but federal rules (trump state rules) require payoff to be submitted within 7 days of request.

The Federal Trade Commission (FTC) staff commentary discusses another exception known as the “Joint User Rule.”

@Pandu Chimatait is unclear from your post if the total gain is 20K or if you and your partner each have 20K of gain.If we are talking about 40K of gain - you and your partner would be saving $12,000 of taxes(based on Dave's suggested federal and state tax rate).After an approximate $1,000 fee for the use of a 1031 intermediary - there is a potential of $11,000 of savings if you do a 1031.It is something you should consider if you plan to continue investing in real estate.

Become the destination overnight for wine and brewery hoppers.The HV also has a good amount of farm land, with the federally protected black dirt region, that seems to be the rustic “look” most breweries are going for up here.

Lis Pendens was filed two months before the United States of America put a federal lien ($$$!)

For most tax planning, you will be focused on federal tax laws anyways. 

Act problems and federal Dodd-Frank problems. 

The thing you fail to realize Daniel is that while you may be fine taking on a higher tax burden to help people out;  others, (including me) are not and since the section 8 program is federally funded we all take on the financial burden for your altruism.

I also have membership with Navy Federal and Penfed which generally has decent mortgage rates in residential.