In the meantime, store yours and preserve them.

Everyone should do regular maintenance to preserve the value of their property, whether that's you as the owner or the property manager. 

@Tony Gaultney Investing in Class D properties may be attractive for the cashflow, however you are probably violating the first core tenet of investing which is capital preservation and the third tenet which is appreciation. 

Given that inflation can eat your money up, then having that store of value in real estate will preserve your capital.

The only difference is in how the funds to operate, maintain, and preserve are accumulated.

There's a host of things people can do with land that generate income, while preserving farmland etc.

So, I have to preserve some of that cash flow, but given the equity we have, I'm trying to figure out how to manage these goals.

So my idea to end the partnership but preserve a friendship was to list our properties. 

At a point all of us as RE investors will have to flip a mental switch and move from wealth generation mode to wealth preservation mode.

(I’d probably try to buy from the multi-member LLC to show the IRS I’m a new owner who hasn’t used the property a a rental before making it my primary to preserve 100% tax free status in the future.