I am a licensed Broker in Florida, and have been asked from one of my current clients if we would be interested in taking on a large portfolio for them in Maryland.

I'm referencing what is referred to as the "disregarded entity exception" or "Same Taxpayer" rule.https://www.1031.us/using-disregarded-entities-like-kind-exc...https://www.firstexchange.com/vesting-title-1031-exchangeIt would appear there's precedence for treating a single member LLC that's a disregarded entity for tax purposes the same as the individual in taking title to replacement property in a 1031 exchange.

Bottom line, as I said, if we call someone to ask if they are interested in becoming a member, we take them through an extensive intake process to make sure they are in an area where flipping is more likely to result in success.

As a result, there may be no point in taking bonus depreciation if the goal is to offset non-passive income with rental losses. 

Good to hear you are intaking loads of education, don't stop!

I can message at any time, call for a one on one phone meeting, and get educational materials that key me into things that I can't find any where else.To be in this program, I first had to demonstrate my competence and be invited, go through a rigorous in-take interview process, and then pay the entry fee.  

But I now see it is only considered a cash-out if there was never a lien on the property in the first place.I greatly appreciate your patience in taking the time to answer my novice questions. 

I'm left with long distance investing and I'm having a hard time deciding exactly what city I should look into to buy my first property in.  Take

I've had some intake calls and 25% seems to be agreeable when compared to competitors.Do you have a minimum that you charge per month to cover fixed costs?

Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?