In non-community property states a husband/wife LLC is supposed to be treated as a partnership  And transferring from a revocable trust (reported on your 1031) to a partnership LLC (that files it's own tax return) is changing the tax payer. 

I’d love to check it out and see how I can get involved.Appreciate you sharing this as I’m always looking to connect with others in the real estate space. 

I’d suggest negotiating the furniture into the sale and then slowly swapping pieces later as you personalize the space.

I was just hoping to transition it into LTR and since we have newer furniture that fits the space well, it just seemed a shame to sell it all to do an unfurnished LTR, but again, I'm having a hard time understanding how logistically some of the details are worked out with that with furniture involved in an LTR.Thank you again for the support!

Simply put the risk of a non-renewal costs more.

When the IRA invests in real estate using debt not only does it have to be non-recourse but the IRS says, you can use leverage but since you aren't only using IRA money for this investment the retirement account is going to pay UBIT on the income generated because of the debt. 

My education background is in computer science, mathematics and some corporate finance, as well as have some internship experience in the quantitative finance space.

Non UL electrical, plumbing &HVAC materials.

If the tenant has low net worth, a court judgment is practically worthless.Taking a week to vet a tenant can save months of headache.

What are your non-negotiable factors vs nice to haves?