In Missouri, a married couple jointly owning LLCs is generally required to file partnership returns for each LLC, necessitating Form 1065 at the federal level and Form MO-1065 for the state.However, the IRS offers a Qualified Joint Venture (QJV) election for married couples, allowing them to avoid partnership classification by treating the business as a joint sole proprietorship.

If there are any modifications to their current contract, ensure that the lease renewal is shared with them in advance, clearly outlining any potential changes.

You may have to make modifications or additions in order to get that signed off.

Several room modifications took place and rooms were added as well.

At first glance, it seems title just wants you to be a member-manager which hopefully is an OA modification (not public) that can be amended back later if you want to for whatever reason.  

If I'm not interest in doing all the modifications will Padsplit still work with me? 

You can provide a loan modification approved by the bank to be accomplished immediately upon the purchase of the note, this, along with the waiver and request for the sale by the borrower takes the bank's liability away selling a note to a non-banking/mortgage broker type buyer.

@Jay Hinrichs yea we are making modifications to the floor plan so they have closets 

As a result, I’m uncertain if any of the properties have illegal additions or modifications.

Are there any modifications to the written lease?