When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.

More difficult question that was not asked is do you get rid of these tenants property and I think that is as easy a question.  

It will be very difficult to cash flow in Austin using traditional LTR methods unless you put down a huge down payment.

I would not eliminate OKÇ based on tornadoes, that is why you carry insurance.It will very difficult to find something in Austin that fits your budget.  

Duplexes are cheaper to rent and expenses are becoming difficult for the average tenant.  

But, they will be in challenging parts of town where realistically you do not want to own property and your long-run returns will under-perform.I'd encourage you to find a balance of sub-market growth, nearby employment, strong income, and only then a good rent-to-value ratio. 

Even if you have an excellent team built with plenty of trust, it's really difficult to do this without having lots of face time and rapport building. 

Timing your next investment is all about balancing risk and financial comfort—trust your instincts and run the numbers carefully.

The process has been difficult and stressful and we almost gave up a few times. 

Still need about 3-4 days for CDs, balancing, docs, funding and recording.