Is there a total disregard for financial obligation?

@Jeff Cagle Hi Jeff, just to be sure, are you saying you would calculate the new taxes from the sale price and disregard what the current tax bill is?

Build a trusted network around you who can act as your sounding board and disregard the vast majority of opinions elsewhere. 

Hi @Marc Anthony,Very helpful question you raised, seeing as there's so much incentive to work with all prospective clients and disregard red flags.

As a husband and wife with a partnership llc disregarded entity we are co owners and have 5 rentals that were acquired last year (2019).

Hi, I want to start investing in commercial real estate, with an Umbrella Structure, I was thinking to open an LLC in Delaware filing a partnership tax return ( I will have the 99% of interest as main owner and a corporation than I will open, it will have 1%) and then having disregarded LLC as subsidiaries, opened in the State of the property that I will buy, and with these subsidiaries, I will purchase and sale/hold properties. 

There are some issues with claiming the Section 121 exclusion (for tax-free profits from the sale of a personal residence), but this can be avoided if you have a single-member LLC that is disregarded as an entity for tax purposes. 

It is mainly for asset protection.Especially if you use single member, disregarded entity, all expenses are still going to your tax return.

You may not have as big of a gain as you think you do.(2) SMLLC taxed as a disregarded entity doesn't add any wrinkles or complications under the Sec 121 regs.(3) Both spouses must meet the 'use' requirement to potentially exempt $500k of capital gains.(4) Unrecaptured depreciation gain. 

Lenders we’ve dealt with in the past made our rentals only as valuable as the equity and disregarded rental income...that would be a little extra frustrating with the mixed use land contract purchase.