It hasn't buckled up.With the exception of the one unit I installed, it's held up pretty well.

Or, if they sue both the LLC the property is held in, and the parent LLC, would it open up exposure to other LLC's owned by the parent LLC (i.e. other property holding LLC that I have?).

@Evelyn Randolph You can structure the roof replacement by setting up an escrow agreement where the funds are held until after closing, allowing you to claim the depreciation.

Future payments are held for 1 business day (accelerated).

Quote from @Stuart Wilson: I served 21 years and wish I had held onto all the houses I bought.

I would hazard a guess that 90% of all investors that ever made any serious money in real estate did it the old fashioned way - they bought the property and held the property, the same way that 90% of all investors that ever made any serious money in the stock market did.

I've always bought and held, so wasn't sure.

While selling your properties could provide the liquidity you need, you definitely want to consider the tax implications, especially if any of the properties were held for less than 12 months, as those will be taxed at a higher short-term capital gains rate.However, if selling isn’t your only option, I would strongly recommend looking into a cash-out refinance.

I am a small landlord, whose 1 investment property is held in my name.  

You can say that's not fair, why would you be held liable for the dog bite etc and most people would agree with you.