It’s off of a very busy road with lots of frontage and its own personal billboard on top of the building.I’m having a hard time figuring out what to do with the property, whereas it is more on the outskirts of town.

., when rent increases to $850/unit).Partner A’s Spouse is willing to forgo payments in bad financial times but wants assurance that they won’t face any tax consequences on unpaid amounts.If Partner A’s Spouse passes away before full ownership transfer, the Children inherit the shares at a stepped-up basis (avoiding capital gains tax).Questions:How should the LLC Operating Agreement be structured to allow withholding payments when necessary without triggering tax or legal issues?

This would be a waste of everyone's time and money.

What's going to be your first step?

I have been using a deal analyzer spreadsheet that I found some time ago and that has served me well for analyzing "normal" deals with a downpayment and lender financing. 

Well first off, congrats on the success you’ve had with your hospitality investments—an 11% cap rate on a boutique motel is no small feat!

Based on the prices, now seems like it's probably a pretty good time to buy in Galveston. 

However, when the first buyers failed to come through with cash as specified in their terms, the seller pulled out and offered us the opportunity to purchase the property at the asking price, and we did.

Suggest you get your game plan in place first then go forward once you have the goal in sight.

This is an important distinction.Example: You're a self-employed realtor and work full-time.