I will then use my current home I am moving out of as a rental property. 

This requires careful structuring and compliance with IRS rules.Installment Sales or Buyouts – Instead of distributing properties outright, investors can sell or buy out their respective shares over time, spreading out tax liability and reducing immediate capital gains impact.LLC Restructuring (State-Specific) – Converting the corporation into an LLC taxed as a partnership may allow for a more tax-efficient asset distribution.

California law requires abandoned tenant property under certain circumstances to be sold at public auction.

We are first time investors in such an entity and the property that is leased is a new construction that is scheduled to be handed over to us by July or August of this year. 

Also, the property itself is also worth 1.4-2.03 million as is with no house built on it.

Yes, you can do a refinance to tap some more of the equity on the property.

@Joe S. selling a rental property is not easy.

(Sale price - selling costs) -(purchase price+ purchase costs)- renovations = taxable gain. 

Hi Andrew,I've found this to be helpful to people I've helped with investment properties.

Has anyone who invested in non performing notes at Prereo actually been paid after selling the property?