The profits acquired from the property are   shared among the multiple owners according to the percentage of property they own.Joint Tenants with rights of survivorship  A survivorship deed is a deed conveying title to real estate into the names of two or more persons as joint tenants with   rights of survivorship.

At the end of the day, home sales vs home buyers doesn't matter too much as long as the content on your site and the content in your market still clearly conveys that you DO buy houses, so that it's clear and there's no confusion.

The Deed in Lieu of Foreclosure and the Power of Attorney appear to have been made contemporaneously with the mortgage, and would affect the borrower’s right of redemption, and is often held to be unenforceable.The Power of Attorney does not appear to have been used by the mortgagee to convey the property.

NAME = the owner of PREVIOUS LLC"Upon review, I agree with most of the issues raised by the other underwriters.The Deed in Lieu of Foreclosure and the Power of Attorney appear to have been made contemporaneously with the mortgage, and would affect the borrower’s right of redemption, and is often held to be unenforceable.The Power of Attorney does not appear to have been used by the mortgagee to convey the property.

NAME = the owner of PREVIOUS LLC"Upon review, I agree with most of the issues raised by the other underwriters.The Deed in Lieu of Foreclosure and the Power of Attorney appear to have been made contemporaneously with the mortgage, and would affect the borrower’s right of redemption, and is often held to be unenforceable.The Power of Attorney does not appear to have been used by the mortgagee to convey the property.

I included a stipulation in the contract that seller will convey title via general warranty deed, free of encumbrances.

@Mark HamIt's true that you can't avoid the basis adjustment (and thus the gain increase) by not taking depreciation, however it's not correct that one cannot avoid 1250 gain by not taking depreciation as some posters have conveyed.1250 gain is a re-characterization from one type of capital gain to another. 

For those of you who, like me, enjoy reading court decisions related to title insurance, here's a link to a recent one in California that answers the question of why care should be taken when conveying title to your own LLC.  

: HOA president is on his way out (selling in a month or two), and somewhat disgruntled and belligerent, and trying to claim fraud / misappropriation of funds / screaming at Property Management to fix it and not issue an "unethical tax on the community" I'm favoring the third option, but have no idea how to work with the the HOA president, or how to help convey the seariousness of the HOA's financial position to the community - because I'm fairly certain if I fight with Property Management to go for the special assessment, the HOA president will put some serious effort into riling up the community and convincing them that we're robbing them blind. -- he's a loud talker, commands attention, and probably has the most and deepest personal connections throughout the community (I'll add, he has admittedly done a LOT of work himself in helping to maintain the community, we are in debt to him for that -- he just doesn't appreciate the seriousness of long term financial issues, and now he's on his way out).One more kicker -- the third member of our Board, the Secretary, just resigned for family & health reasons, so it's only me and the president for the near future.Does anyone out there have advice? 

You can not convey individual parcels until the final subdivision plat and parcels have been recorded.You can take non binding reservations which is what we often do as developers with builders or buyers depending on the size of the project.