In that case you will need to analyze the comps, and keep in mind operating two units on one property can bring other costs and operational issues.2.

This way, investors could avoid the tax burden since the operations would fall under a European entity.

If there is no debt service probably 30% is still going of the rent is still going to operating expenses which means that you only made about 480k or so. 480k rents + 800k property is the same 1.3million roughly.

Some have pointed out the fallacy that to be licensed in some way is different upon the operation. 

Boiler room  operation ? 

None were a match for me personally and many were not a strategy I wanted or too speculative (such as opportunistic strategy which is the riskiest strategy or investing in tertiary markets which also tend to be the first to go belly up when there is trouble etc).You probably actually want to look at your operating agreement to see what rights you have to books and records, etc. 

Annual net operating costs for option 1 are basically the same as the annual revenue.

Why not take his name off the LLC and put it in your name now while the LLC has $0 of value (or whatever nominal amount your articles of organization or operating agreement say that you contributed)?

We are a Veteran owned and operated mortgage company! 

@LaTonya Clark “One  can’t tell but I do know part of me is willing to take a chance”…You make it sound as if real estate investing is no different than gambling….