The 7 cameras seems odd, but perhaps they are paranoid.

Quote from @Richard Bautista: Good evening and happy new year,I need input on something that seems too good to be true. 

The US Tax systems, when compared to the EU, seems to be setup for capitalists. 1031 exchanges, write-offs, etc.

While I’ve seen QuickBooks mentioned in forums, it tends to be more expensive and seems better suited for larger portfolios.

I don't do this for a living and have no real world experience, but at 40% down, even with a 7% int rate, that seems like a high monthly payment.

This actually seems like a great scenario for a 1031 exchange based on what you've said.

Seems reasonable to me.

I had an appraisal done for the refinance and it came back at 515k which seemed pretty good. now I have been in the home for a year so I can start renting it out for a decent amount of money that would pay the mortgage and I would get about 600 in rental income on top of paying the mortgage.

To off-set the depreciation recapture, it would seem reasonable for me to request a concession (e.g., more shares) that's outlined in the Operating Agreement.

It still seems confusing.Where do I get an purchase agreement, how do I transfer into the investors name, do I put down earnest money???