Are they given a JV-co-GP position for fundraising or will they be involved in the management of the property?

Move out of New York would be my first thought .   

If you take the $653K out of loans and put it in the cash line there would be no change to the total adjusted tax basis and therefore capital gains would be the same.

Thanks so much in advance for your help—I’m excited to be part of this community and learn from all of you! 

What do people use for crime data .

You'll be selling a house that is worth what comps say it is worth. 

Good luck with everything and let me know if I can be of any help.

You will certainly gets lots of different perspectives from the forums and most likely multiple people will have experienced a similar situation in their investing journey!

I have 4 mailboxes, and signs for all 4 addresses, and I've been paying sewer for 4 units.I guess I need to set up a protest hearing, but what should I be doing before then? 

If you own 25% or more of any LLC you are required to register with a FINCEN ID for beneficial ownership by January 1st or you could be subject to $500 per day fines.Have you taken care of business?