This could lower your resale value. 

Check out this recent thread on LLC’s, it’s pretty eye-opening that of all the very experienced investors on here, with centuries of investing experience combined, the consensus was that LLC’s are not needed for most investors:  https://www.biggerpockets.com/forums/926/ Of course gurus will tell you that you need one before you even have a single property, because it makes them sound smart.

Had received an email from this group and spoke with them on the phone yesterday. 

Now, I had to figure out how to move the funds.

I’m a licensed realtor, an investor in the making, and someone who believes in making something out of nothing.I started in wholesaling before getting my license, and now I’m grinding to become a consistent producer while positioning myself to rebuild as an investor.

The information contained in this post is not to be relied upon.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I had hoped to offset it with my capital loss carryover and haven't planned for any expense documentation etc. can I make the case that I am not a dealer because this is my first time and also have a high w2 income relative to the LLC profit? 

If this is not possible, take some time to get to know and be-friend the other HOA board members before you waste money with an attorney.

Hi Andrew,I've found this to be helpful to people I've helped with investment properties.