Just like when evaluating a potential purchase you should be performing the same due diligence with rents.

Now, there are OTHER things that you need, so if you could give more details then that would help us answer this a little more accurately.

With Plus, you can use Classes to separate properties and accurately track income and expenses by unit.

Sometimes tapping into that equity for a strategic reinvestment can pay off big.How do you feel about your portfolio’s performance overall?

As fund manager you owe your investors a fiduciary responsibility which I can foresee as a basis for lawsuits should the fund not perform as anticipated.  

I’m thinking with a 2.25% rate, that’s a good mortgage to hang on to if it performs well as a rental.

To navigate the nuance in the laws properly for compliance and to accurately structure our LLC, I am looking to consult with an attorney who knows immigration + business + tax laws. 

Do they suggest how to enter the transaction accurately or enter an adjusting Journal Entry.

When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.

Please, those who have already done wholesale, answer whether the chain of actions that WHOLESALER should perform is correct or not, maybe there is no need to do some steps or actions at all, please explain me those who have already done wholesale, thank you very much.