That’s an incredible return on investment!

I’m sorry to hear about the situation you’re in—it sounds incredibly frustrating, especially when communication from the syndicators has been so lacking.

These little to no document products are not common at all.I wish they were, that would make my life doing cash out refinances a whole lot easier. 

This is for all the 'co-own curious' folks out there.I recently started a project aimed at making it easier and more affordable for people to co-own (and manage) homes together. 

It might be easier to add up your purchase price, closing costs, improvements and then subtract what depreciation he took over the years since that should be listed on Schedule E (assuming you have a copy of all of your returns with the property).

Will one be easier to manage because you can go view the properties in a day trip? 

And yes, the chain of title on the real property would show your own name and then a deed transferring into the LLC for no consideration and no documentary transfer tax, likely making it even easier to find your name via public records search.

makes it easier  agree with your other thoughts.

Having to pay a mortgage somewhere and rent somewhere else sounds incredibly stressful. 

Austin or Houston will likely appreciate more over time, but those "smaller" towns will likely cash flow much easier and may be easier to come by.