No, you cannot have your cake and eat it too.My reading is that in general your eligibility for the Section 199A deduction is determined on a property by property basis, although there are some aggregation rules. 

The cash flow is just icing on the cake to them as they do not need the money.

3 BR minimum and more than 1 BA is just icing on the cake.

All say, "invest for CASH FLOW and if appreciation happens, then it's icing on the cake".  

My wife embroiders stuff so that is cake. 

A litmus test might be: If you were a baker and you refused to bake them a cake because they had a visible tattoo, how would that play out in the community; in the media; in the courts.Just my $0.02.

Hell, go for it, from my POV all you are doing is better ensuring that *I* get paid back, with interest and in full.If you failed to maintain insurance or failed to pay your mortgage, might the lender use the due on sale and LLC thing as icing on the cake when they go after you?

Maybe that is the reason the sisters want out or the equity is so yummy on the property is time to cut a piece of the cake and run with it?

Jim K, yours takes the cake. 

I am hoping to get a monthly flat rate and reasonable fees if the notes incur late fees or a balloon payment penalty.Thank youHave looked into fci in Anaheim Hills.