There is a world of difference between "getting a divorce" and having a final divorce judgment with specific allocation of obligations. 

My question is when I sell my home and claim the section 121 exemption will the new property have the carry over basis of my investment portion of the property and then at that point can I allocate the basis to the new layout for depreciating 3/4 of the property since I will be living in 1 unit?

@Chris Connery , What you are referring is the special allocation (rather than the allocation based on the partnership interest) of the partnership items.

You have no direct control over cash flow, allocations, contingency funding and modeling. 

Yes, mainly on commercial properties... since I am in dental business I was looking at a single building (about 5-6000 sqft) that I could allocate about 2-3000 sqft for medical/dental and the remaining portion for a retail tenant...

Some background on my personal finances I contribute the maximum amount that my employer matches on my 401kI am making contributions to a taxable investment account with a 40/60 allocation as a safety net.

E or if I should just allocate expenses and income and do both.  

I'd appreciate advice from the BP Multifamily investor world on how to make accurate and conservative estimates on how much $$ I should expect to allocate towards capex/repairs. 

□Have you reviewed your asset allocation (based on current equity values and debts) between individual LLCs so that your investment risk is diversified?

Just as an example, 4% is actually an excellent return if you are allocating it to some kind of savings vehicle.Banks treat you differently with better debt ratios.