However, careful planning around Bonus depreciation recapture and capital gains in future years is key, as these can create a significant tax event upon sale.This post does not create a CPA-Client relationship.

Did you do a loan mod on this house after you bought it in July 2015 and that's what created the HUD partial claim? 

@Gio KattanWho had you create this crazy long winded setup in the first place of entity after entity?

All three generate leads from insurance claim residents and traveling professionals (medical and the trades).One of the advantages of FF has been that it's forced us to have systems in place to create leases, accept security deposits without co-mingling and provide "live" customer service. 

At the end of the day, you need to underwrite this property based on the cashflow it is currently creating and possible "stabilized cashflow", then back into your purchase price based on the returns you want to hit.I.e. if you are wanting to make 20% CoC returns day one (your expectations are pretty unrealistic), but it may only be worth $250,000.  

I imagine a lot split would also significantly increase cost of utilities as now I would have 3 hookups in that scenario.I am also concerned what would happen to that sweet 3.25% 30 year fixed mortgage I have, which I don't want to create any risk over in the slightest.Any advice on how to frame my counter arguments would be incredibly appreciated.

Alternative Solutions: If refinancing isn’t possible and a buyout is needed, consider a structured buyout agreement where the remaining partners gradually purchase your share, allowing you to exit while they assume full ownership.This post does not create a CPA-Client relationship.

When you install them clicked together, that creates the seam that water can and will penetrate.Tile it.

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

However, a cash flow focused investor is finding positive cash flow even if they have to buy off market, in a different cash-flowing market, or create cash flow through value-add, etc.