Win-win.Unless you have a whole lot of personal debt I would not worry about the car loan.Once you take care of the cash reserves I would move on to #2 and acquire your next property.  

In my operating agreement for LLC B, I specifically state the managers/members of LLC A have full authority to make decisions, execute contracts, etc, but there is no explicit personal info listed for LLC B.  

If this system is not out there, I would imagine there would be strong demand for the first person to create a operating system solely for real estate investors.Cheers!

If you have loans on these with personal guarantees that also have your name on them then your two options really are sell the assets or buy them out -Which typically if it’s contentious will require 2-3 valuations - each party should get their own and if the numbers are not close then get an independent third party and average the numbers.

It is a fee that is paid up front, and monthly for the life of the loan.  

That is a very devastating position to be in.Before you sign anything, have an attorney look over the agreement and explain it to you.You want to ask the "buyer", "what is the name of the person that will take title",(if they are not taking it into their name or entity, it is a wholesaler.

yes, i knew the work part. just wanted to understand the staying in it even if paying full price. not a deal breaker for me, just need to figure out where to roll my money into to use it The IRS says you cannot get personal benefit from the investments.

It's most likely a non-recourse loan, so everyone's personal credit is fine.

I feel this house is on the early end of revitalization.I also reached out to the hospital to try and connect with their travel nurse housing person, as well as a rural med school that sends med students to this hospital for their yearly rotations.

@Nima MalboubiI personally think that the risk is relatively low with only four units.