Converting an LLC to a corporation immediately prior to a tax-free reorganization also might be challenged by the IRS.Now what state will the LLC’s be structured and/or sold?

Hair darker on the walls, frame out the bath mirror, doesnt look like ya had much option on the kitchen sink placement, no need for the multi photo, reorganize others.

It was a tri-plex and the seller was needing to reorganize finances to do whatever it was they wanted to do in their life.

Yeah I’ll give them a call right after I re-organize my sock drawer.

@Shawn Henley if you currently owe 70% of the value of the house then reorganizing the debt may not be worth it.

The taxpayer reorganizes its ownership of the LLC.

(i) the term "Insured" also includes(A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives, or next of kin; (B) successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization; (C) successors to an Insured by its conversion to another kind of Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title(1) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured, (2) if the grantee wholly owns the named Insured, (3) if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly-owned by the same person or Entity, or(4) if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in Schedule A for estate planning purposes.

Wow thank you so much everyone for the great advice, that establishes a great starting point, I'm reorganizing all my information as we speak, I have pulled and printed my credit score to take with me, I m going through and writing out my goals once I'm finished organizing, Also studying up on the portfolio 30year fixed loans.  

Hughes just sent an email saying that they are filing Chapter 11 bankruptcy next week. well thats an attempt at reorganization not a liquidation..

I've reorganized a bit to improve asset protection and simplify.