This area is going to grown big in next few years.

In non-community property states a husband/wife LLC is supposed to be treated as a partnership  And transferring from a revocable trust (reported on your 1031) to a partnership LLC (that files it's own tax return) is changing the tax payer. 

They have little to no experience!

Speak with lenders - and consider that although they might agree they could lend to you today - they might not be able to when you need the loan.Unless the existing debt has no due-on-sale provision, there will always be a risk of the underlying loan being called.If it were to be called due:1.

A few questions to ask: 1.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Basis is what you paid for capex.

It depends on what you want to invest in.

I'd expect these to pop up along the route.

I’d offer to sign the form if I was allowed to cross out everything between brokerage firm and during the terms.