You will need to have a 1065 partnership return filed for the new LLC but this will help account for the 'tax savings' etc. for future use.

How should I handle this situation, while wanting to continue working with this potential future buyer?

Maybe later when the kids are older, but definitely not now.The commercial comment was just mentioning a future goal.

The ideas, and conversations we've had not only support my REI, but helps enrich my life.Looking forward to seeing what the future has in store for all of us.See you all soon.

Now, with that said, what is the future value of the property going to be if you can get cashflow to $178K in year 3? 

Their history is likely to be your future.

I hope to keep you all updated on my progress in the future because I don't want to become another person who talks about REI but never follows through!

Definitely check it out in the future though - it's a good community mostly of people who are actual investors or who are just getting started.

@Arlan Potter thank you so much for the advice, that is great to know as I am thinking to start small as well, and learn as I go then do bigger projects, rental properties are in my plan but a little further in the future, as I would like to use my energy for the time being since I have it.

That gives him an idea what the  marketplace will give and then he uses that information in future ads.