If the partner is simply lending money that will be paid back with interest, then having them in an LLC can be a problem.

@Damini Dutta, you simply assign the lease to the new LLC and notify the tenant of the change.

Post it in the local Facebook forums, if good it will sell in a day, YES you can list it, withOUT a realtor, simply state cash buyers only 

IfIf you do not know what you're doing with accounting, which most people don't, I would recommend that you simply bite the bullet and pay someone to handle it.

The goal is simply to earn a little higher return than they would by paying a dividend.

Also, with the investment, is there a monthly ROI or is the money simply held in the syndication?

Fannie lists the exceptions in D1-4.1-02 and Freddie in 8406.4.HOWEVER, the best and most effective way to handle your title and loan issues is to simply refinance the loan.

Many people seem to complicate valuation issues more than needed, a strait forward way of looking at it is simply asking, "Would a buyer pay more for ...?"

If you want the funds to be separate then you should create a separate LLC to not co-mingle funds.If you are simply looking to not pay your broker a split on the commissions then you should talk to them first to see how they want you to set it up outside of the umbrella of their brokerage (if that is even allowed in IL).

But you know the internet many simply want it for free and frankly dont have the cash to spend to get solid info.