One ended up in court costing close to $30,000 and the second involved a lengthy process with the banks lawyers and mortgage team to get the partner off the mortgage when they went AWOL and didn’t uphold their part of the deal.

So spending thousands on a complex set up is a waste of money until you actually have something of substance.

But because two investors own the majority of the units in this complex, they keep the condo fees at $150/month (about half the area average).

Something in writing I can use in court to argue what the buyout value should be.

There are IRC sections that pertain to asset basis, there is Pub guidance, lots of court cases on the topic. 

I have 12 Doors today over numerous LLCs and looking to move into Self Storage so my needs are complex and Quickbooks struggles with this.  

Hey Sam - I see many investors invest court of the state for their first few deals.

One is a 10-unit complex, listed at $3,000,000, and the other is a 9-unit complex, listed at $2,700,000.

I know someone building a 26 unit complex that will have space for an office south of downtown.

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