I've been researching the Philly market for months and am looking to pull the trigger.

All it takes is a dumpster or a pile of construction debris in the yard to trigger a surprise visit.

The only difference is the old method does tend to allow more flexibility to enter into new partnerships and profits splits when you set them up and purchase properties (if you decide to bring in partners).

@Marquis Williams Many lenders now do what they call a "soft pull" on your credit report, which doesn't trigger an inquiry, for the pre-approval process, and a "hard pull" when you're actually going through the motions of getting fully approved. 

Do I need to file a tax return for a partnership LLC with no business activity?

This can potentially avoid new tax assessment of the property that is triggered by a sale, thus saving taxes for the buyer, and saving the sellers transfer taxes.- from our understanding, combining 1031 and Drop & Swap is possible when it's dealing with single buyer who takes 100% of ownership interest of the newly formed LLC as single-member and disregarded.- what we want to explore is the possibility of doing the drop and swap and 1031 when we are purchasing the replacement asset as TIC. 

This can potentially avoid new tax assessment of the property that is triggered by a sale, thus saving taxes for the buyer, and saving the sellers transfer taxes.- from our understanding, combining 1031 and Drop & Swap is possible when it's dealing with single buyer who takes 100% of ownership interest of the newly formed LLC as single-member and disregarded.- what we want to explore is the possibility of doing the drop and swap and 1031 when we are purchasing the replacement asset as TIC.

This can potentially avoid new tax assessment of the property that is triggered by a sale, thus saving taxes for the buyer, and saving the sellers transfer taxes.- from our understanding, combining 1031 and Drop & Swap is possible when it's dealing with single buyer who takes 100% of ownership interest of the newly formed LLC as single-member and disregarded.- what we want to explore is the possibility of doing the drop and swap and 1031 when we are purchasing the replacement asset as TIC.

Myself though)On the partner idea...I rather not go that route...seen many partnerships not do so well...Any other ideas Bill?

The policy is triggered when one of the underlying policies (home, dwelling/fire, auto, boat, etc...) listed on the policy has a claim that exhausts its limits.