I have already begun to read on the links you sent over.

Hagerstown, MD 21740 or follow these links https://www.zillow.com/homes/11311-marbern-dr-hagerstown-md_rb/37683475_zpid/https://www.realtor.com/realestateandhomes-detail/M5889931134https://www.redfin.com/MD/Hagerstown/11311-Marbern-Rd-21740/home/15360019 What made you interested in investing in this type of deal?

RE loans to business usually require the business owner to personally guarantee the loan. 

If you have loans on these with personal guarantees that also have your name on them then your two options really are sell the assets or buy them out -Which typically if it’s contentious will require 2-3 valuations - each party should get their own and if the numbers are not close then get an independent third party and average the numbers.

Great input, @Greg Scott and thanks for linking those articles.I honestly hadn't even considered HELOC interest deductions, and it's not surprising that the IRS & banks have strict guidelines around this to protect themselves. 

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to [email protected] and someone will help you.

Depreciation is real, though over such a short hold it shouldn't cause serious expenses, and executing a 1031 on the GP's schedule is never guaranteed. 

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to [email protected] and someone will help you.

It's no guarantee but it's a good place to start.

I am linked to him on LinkedIn so I do remember talking to him.