Hi All, I'm excited to join the BiggerPockets community and looking forward to growing my network with likeminded individuals.

The LLC will file a partnership tax return (Form 1065) and issue K-1s to each partner, with income split 50/50 and reported individually.

When dissolving your two-member LLC and selling a property, deferring capital gains taxes individually can be complex.

We took loans under the individual name rather the LLC, would moving under LLC trigger a sale on paper?

The court would not grant that, unless there has been provable, recent abuse of the bankruptcy process by that individual. 

Trying to gain as much knowledge as possible before entering a market that's over saturated with too many uninformed individuals.

I opened individual interest-bearing savings accounts for each tenants security deposit.To be clear, are you opening a separate bank account for each security deposit?

Once you go to 7 beds or more there are much stricter facility requirements, including but not limited to, fire suppression systems, added points of egress, Individual Response System, and much stricter staffing ratios. 

Cardone capital is way over leveraged, REITs are in big trouble, all hotel assets are suffering and these individual syndications are buying time.

Perhaps it's a negative reflection on the fact that fame and celebrity often in this country give individuals free reign to commit crimes with out penalty of consequence.