I would suggest speaking with an attorney to discuss items such as1) What is the profit and loss allocation between the members2) What happens when one member dies3) Responsibilities of each member4) etcDiscuss with a CPA on proper entity classification(Partnership or Corp(C/S))Best of luck

The cost allocated over the years is virtually nothing.

But you can allocate those proceeds in any way you want.One other thing - if you lived in part of that duplex it may be possible to take a portion of that sale out tax free. 

HOWEVER- there have been times I’ve missed my goal date on repayment and have had to use other (still my, but allocated for something else) money to pay the debt off before maturity and adjustment to a MUCH higher rate.

Well I’m having trouble thinking about exactly what I want/need so I’d like to ask the members of BP.Would you be willing to share your portfolio ratios of asset allocation?

@Mitch Casey I would suggest totally reversing your thought process for realestate...at least the allocation aspect.

You've also missed any allocation for capital items, though your maintenance number is large enough to partially cover it.

They are also allocated between buyer and/or seller by contract.

Currently I'm trying to work an owner finance deal that will allow him to slowly make the decisions he need to make for asset allocation and end of life planning, without an instant tax consequence.This has been a brutal process and I've learned a lot. 

At the end of the day there were 3 hours allocated in my states...