All before the sign went on the lawn.Based on the subsequent confusion in closing the deal it could be this company or agent just didn't do a lot of REO sales and didn't know the market well or had a new guy handling it........

@Adam Johnson Once you get past a certain amount of notes (5 NPNs, a lot more if they're performing), it gets really easy to lose track, get confused on what's happening with which note, and subsequently have things fall through the cracks that become unnecessary emergencies.

You can actually purchase the property in your own name, get the more beneficial financing, and subsequently transfer the property into an LLC (you may have to wait a month or two to do the transfer - check with the lender).

There is a sliding scale of sorts, for what kicks butt out here.

Slide into my DMs or hit me up here.

I suspected it was from a leaking roof, which was subsequently replaced before I brought the property but the wetting and drying over the years created cracks in the drywall and the vibration from the opening and closing of the garage door helped to separate the drywall from the drywall nails. 

However with the California Claw-Back provision, should you have owned a property in California and1031 exchanged the property to an out of state one, then later decide to cash out and sell the out of state property, you would not only be subject to the taxes of the state where decide to sell the property, but also to California state taxes due to this clause.Furthermore, California has passed Assembly Bill 92 (around 2013-2014) which essentially allows California the ability to track subsequent sales of properties once they are exchanged out of California.

But if there's little to no growth, then you don't have to worry about the taxes on the subsequent sale.Going to your question about how to structure this kind of JV, it's hard to summarize my thoughts here.

And honestly let some things slide for HER even if they don't provide value or cost more.

The potential for increased accessibility, convenience, and desirability that comes with future development can make these areas more attractive to homebuyers and investors, leading to a surge in demand and subsequently, a rise in property values.