Were they sharing all the corporate profits on the front end or were they being allocated based on the individual investment? 

When you sell you can apply the exemption to the portion of the property that has been allocated to your primary residence.  

I'm interested in going but I've already allocated most of my conference budget for 2024 so if someone is going and you have a 2nd (free) ticket you're not going to use, I'd love to have it.  

It appears that you are house-hacking as you are living in a tax lot that you are also renting out.Therefore, you have to properly allocate real estate taxes / mortgage interest between the ADU and your personal residence.Best of luck!

Notably, a broader market view causes these capital allocators to react to relative perceptions of risk across property types.

Allocate most of your money to your main focus, but be educated in all the other aspects of the other as well.

Scope of work:2,500 sq.ft single-family homeInstallation of 65-75 sheets of drywall throughout the remodeled areas, including taping, finishing, interior paint and primer (does not include framing, as it is already installed)Installation of 6 interior doorsRemoval and new installation of three windowsInstallation of baseboard and trim for bedrooms, bathroom, closets and stairsInstallation of bathroom and shower fixtures (e.g. three bathroom vanities)Installation of closet and shelving in kid’s bathroomInstallation of insulation (as needed)Clean-up of areas where work was performedMy quote:$20,500 (inclusive of only labor, material is fully supplied by the GC)Labor includes 3 skilled workers + 1 foreman (allocated full-time); effort estimate is expected to be <15 days

But if you purchased the property in your name and, one year later, contributed the property to the LLC, this exchange would also qualify for tax-free treatment under 721, but the unrealized appreciation (built-in gain) would be allocated to you, the contributing partner.

Some people want doors, cash flow, equity, and some don’t want to allocate a lot of time.

My Business PlanTo attain my targeted rental income, I crafted a strategic renovation plan that allocated $25,000 toward property enhancements.