If cash and capital gains are mixed then it gives rise to a pro rata treatment for tax benefits.For example if an investor invested $500k capital gains and $500k cash into a QOZ fund (and received stock) only 50% of the appreciation on the stock after 10 years would be tax free as only 50% of the initial investment was capital gains.The form to self-certify as an OZ fund has yet to be released by the IRS.If you have already invested cash into a QOZ for the tax benefits I would highly recommend you speak with a specialized real estate CPA who is well versed in QOZ's.

That’s why it’s so important to ask the Association if any approval is required, time frame, special assessments, etc...  

Like I said I feel pretty comfortable with the deal right now just want some input from others that have gone through the process.Obviously I would utilize an attorney who specializes in Business Brokerages to facilitate the transfer, as I want to ensure it is done properly.

Also, the majority of Title Companies do not specialize in Investor deals so finding one that is Investor friendly is key.I am the head of the Investor Division at World Class Title and we specialize in Investor deals.

@Darrin Gross  Darrin can help you he insures a few hundred of our properties and specializes working with investors.

@Tam TruongThe point that seems to be lost in this conversation is: what you paid for unnecessary partnerships is more than what it would have cost to hire a tax expert specializing in real estate

I’m going to start making a list too and see if I can find a special promo.

Find out about taxes on the property are they under a special tax cut? 

Hi @Brad Penley I specialize in multifamily investing and brokering.

The seller of my unit was one of the board members and was well aware.Fast forward to now:  I recently got a notice from the HOA that a probable special assessment will be coming to each homeowner to pay for the foundation repairs for these units.