We want our tenant to sign an amendment that the lease is with him and the llc and we are just members of the llc.

Have you read about the original intent of the amendment from some of the authors?

You need to get an ATR "authorization to release" letter signed by the seller where you are allowed to negotiate the lien on behalf of the seller.The lien holder might release the lien for a nominal amount. 37,000 for 3,700 BUT they will retain the right to pursue the borrower for the balance in the future.They will not release the whole lien amount for that and let the borrower off scott free unless they are not an astute lien holder.You need to find out WHAT amount the lien holder will settle for to release interest and then go back to the buyer and see if they will up the purchase price some with an amendment to purchase agreement.No legal advice.

City Council has said they're going to amend and update the STR laws in 2024. 

Despite what MSM would have us believe (they all think they're lawyers - they're not - plus they have an agenda) the 10th Amendment does not carry the day - The President has unlimited Commander in Chief (plenary) emergency powers.

If you don't currently have a similar clause in your agreement, ask for an amendment immediately so you don't have to walk down this road again. 

https://www.uscis.gov/greencard/born-in-us-to-fore...In short, the 14th Amendment was intentionally written to prevent them from becoming citizens.To be exact "and subject to the jurisdiction thereof" in the amendment keeps people born with diplomatic immunity from being US citizens at birth. 

@Andrew Moore,  Details are a little sketch but I think your acct will tell you that in order to claim 121 you'd also have to go back and amend all returns so that only 50% of the property was treated as investment and the other 50% was treated as investment.It seems to me that all activity of the property is being reported on the LLC tax return.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

I'm looking in to amending or adding an operating agreement to my LLC.