If you want me tomake assumption your assumptions are right then yeah I'd say 60k would still work but if you are newbie asking advice you need to give more detail on your reasoning or you are basically getting barbershop advice.

Sale includes a 1-2% appreciation assumption, taxes on depreciation recapture since that benefit is built into the holding calculation and related sale costs. 

What would you suggest a house-flipper do under the assumption there will be a crash?

What are the assumptions behind the numbers? 

Never make assumptions that a carpenter or plumber has your plan going through their head.

We know we won't have a problem selling if that's the way to go, but to recover what we've already put in, my assumption is we'd have difficulty getting that price.

Lenders local to the investment will be a great source for a smaller unit count, and can provide some great market insight to verify your assumptions. 

I am making assumptions here, but this "investment group" isn't exactly lighting the world on fire. 

This way you know exactly how the property will be conveyed to you and you are not left to your own assumptions. 

My initial assumption is that there are no further tax implications as they would both be flow through entities.Appreciate the help!