Are you saying that the IRS-1065 Is going to be pulled into an audit, or will just the disgruntled partners IRS-1040 be pulled in for the audit?

Then I would either go to your GC with the info, or go directly to your subs (licensed electrician etc.) with the info.

I have little confidence in turnkey providers, deals are already hard to come by, if they take another 20% cut before.. much better to buy a property from an owner that is in good condition.

Hi all.I am looking for wholesaler at Austin TX area and the along the I35 towards SA.I am seeking MFH deals around 1- 2m$ 10 -20 units.Lets connect

The first apartments I rented as the owner, were previously rented by the former owner at $150 month including utilities. 

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

I just maybe have been lucky but the age does not scare me if the price is right and the inspection comes back clean. 

What areas do you find the best ROI on your flips?

Why not take his name off the LLC and put it in your name now while the LLC has $0 of value (or whatever nominal amount your articles of organization or operating agreement say that you contributed)?

We have people from Marco all the way up to Sarasota, and others that come from the East coast that join the meetings