Unlike our real estate investment, there weren’t hefty transfer fees involved in either the purchase or sale.

I'd suggest checking local Airbnb/VRBO data or using AirDNA to see occupancy rates and average nightly rates in the area.

Mitchell Bernier Thanks for the housing data.  

Seems like a very strict penalty if this is not followed through.The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500/day while the violation continues (up to $10,000) and a criminal penalty of up to two years in prison. 

However, everyone involved would need to meet the IRS requirements for a 1031 exchange.Finally, regarding transferring an individual property from the partnership to a member directly, this could be tricky.

The advanced analytics and insights AI can provide are invaluable, offering us data-driven guidance and uncovering trends that might otherwise go unnoticed.

Most people will get the loan in their name first, and then transfer it into the LLC after.

If can't transfer the rental into LLC and there are compliance costs associated with maintaining it you might consider shutting it down.

The categories are: Vision, Traction, Issues, People, Data and Process.

Another option is to put 2-3 inches of spray foam insulation then batt under that, it will assist with stopping some of the air transfer and seal it off as well.I would also check the windows in those rooms and whcih way do they face.