More important is how you elected in all that paperwork to close the transaction.

Also, an LLC can elect to be taxed like an S Corporation.While there is never only one answer that is correct for all circumstances, there is a general rule that is almost always the correct choice.

The property appraised for $259k ($29k higher than I anticipated) and although the bank was willing to go 80% LTV, I elected to only pull out the $189k I had invested which put me around 73% LTV.  

If the presidential election had changed nearly enough to have elected Mc Cain.

Hello Everyone:My name is Marcelo Bermudez and am currently the President of Figueroa Capital Group.

This will show them who is the manager/president of the LLC and who is an authorized signer on behalf of the LLC.

I lastly, today, fired out 2 EECBs and a call to the office of the president regarding the processes and the way in which things were handled so poorly.

Our president and vice president resigned via the official HOA board email approximately 2 1/2 weeks ago.

The bulk sale idea was to expedite/simplify the sales process, hopefully for both buyer and seller.Inventory is extremely thin and sales have been on an uptrend here (well, things seized up right before the election, which happens every time).We're looking to fully cash out for the other investment, so owner financing isn't an option.Appreciate both of you taking the time to reply.OY

Hopefully things will pick up again now that the election is over.