Here is a list of minimum Requirements: 1.

As I said earlier, this is strictly for investment purposes.The property does not have to be turnkey, if there is room for improvement that's of no concern as we both have the skill set to invest in whatever upgrades are required.

Also do research on what's required to properly manage a LLC so the veil cannot be pierced. 

It's free and doesn't require an account.

., as Chris noted, the required documentation will be outlined in the LP Agreement you signed.

A standard 1031 exchange requires that the same entity selling the property also acquires the replacement property, which becomes challenging when proceeds are split between partners.Potential Strategy: "Drop and Swap"One approach is the "Drop and Swap" method:- Convert Ownership: Before the sale, the LLC distributes the property to the partners, converting joint ownership into individual tenants-in-common (TIC) interests.- Individual 1031 Exchanges: Each partner can then independently conduct a 1031 exchange with their share, deferring capital gains taxes by reinvesting in like-kind properties.Considerations:- Timing: The IRS may scrutinize transactions where the "drop" (distribution) and "swap" (exchange) occur in quick succession.

With no renovations required, we leveraged market demand to quickly resell the property the same day for $85,000.

City of San Diego requires a permit. 

Obviously each deal is unique and requires proper due diligence. 

I have the funds to buy another primary residence in this area but not enough for an investment property that would require 20-25%.