Or take cash and pay the tax on their portion.Only your accountant will know whether this kind of drop and swap is possible without a tax event. 

We have an accountant with a chart of accounts to manage everything but I do not see why you need one for operating expenses vs. income.

Yeah, I think you may be missing an attempt at humor here....but then you are an accountant..... :-)

Basically, they name everyone because they’re hoping and counting on the fact that people set up their own LLCs and didn’t adhere to basic entity maintenance and kept things separate (like bookkeeping and separate bank accounts).

In short, having all the conversations and commitments in strategy, setting up LLC and all the fun docs of who's doing what, and I'd suggest even getting initial funding into account for at least EM. 

Looking to make new connections here.Are you looking for local community banking for lending and real estate related purposes or for personal checking and savings accounts?

Let me know your thoughts and if anyone has first hand experience. 

Mostly people with minimal RE experience are adding a single ADU and they often make that choice based on cash flow without taking into account the negative equity position.  

Maybe just under $600k at 95% accounting for closing and keeping some (tight) reserves.

@Tar-U-Way BrightYou can use the LLC to set up business bank accounts and business credit cards.