For this strategy you would distribute the property to partners based on their ownership share, dissolve the LLC and then partners collectively sell the property.

If you do choose to invest out of state, the best advice I could give you based on what I have observed running a local real estate group here for over a decade is build your own team.

Sell them on coin base, then just use that money to put down.

Maybe they bring the experience and provide the funds.I don't like any of your options based on I think you are too new to investing in real estate to take on any of those.

You say you're based out of Vancouver yet your profile says Seattle.  

I’m also a California-based investor, but I’ve been investing in Detroit since 2019 and currently own 12 doors there.

But based on him saying that the loan is "being paid off every month by my buyer" it seems that we're dealing with A, subject-to.We need clarity, Anirudh.  

Based on 27.5 yr straight line depreciation, that's about $1,700 of missed annual depreciation; $25,000 over 15 years - and at an ordinary tax rate of say 30% tax could amount to $7,500 off my current tax bill. 

@Aaron Zimmerman Good point about structure set up and determining cost bases.

@Vincent WeselakIt’s a good idea to get an estimate for your insurance costs upfront since this can vary based on the property type and location, and it’s a key factor in evaluating your cash flow.