@Geoff Engel depending on what amount of available cash you are starting with and what you ultimately want to achieve will help determine your path.

I always look at the exit strategy for the property to determine which kind of Creative Finance I would use.

For now, consult a CPA to determine the best structure based on your income and investment goals.This post does not create a CPA-Client relationship.

Since you are married and live in a community property state, the IRS treats your joint ownership as a single owner for tax purposes, meaning you can answer "No" and proceed with disregarded entity classification.If you want to eliminate confusion going forward, you could dissolve the current LLC and set up a new single-member LLC under one spouse’s name, ensuring automatic disregarded entity treatment without needing to file Form 1065 in the future.

The two things that will determine the listing when you go to list for your specific house, it is price and condition.

.) • Multi-unit would only support a %, so a quad would 25% and prorated over all years of ownership....witteling advantage to not worth the effort. • Single unit properties get pro-rated.

If anyone has gone through this experience, would really appreciate your help to determine exactly what licenses, permits and tax accounts are needed to be in compliance.Thanks so much! 

One of the GPs paid for the money up front to engage 711Rescue and they need to give part of the ownership over to Zak.

The investment city determines rent growth rate, appreciation, and income longevity.What determines rent growth?

That will determine if you could sell it and use the money to buy a single family home or would need to take out a mortgage.