Hi @Andrew Jones, the great thing about having capital is that it gives you a lot more choice in terms of what real estate investment strategy you wish to pursue.

I hope what happened to me can be beneficial to other investors about vetting their PM, too. 

We don't know for SURE why this deal fell through, and it may end up being beneficial to the seller.  

After 100% distributed you can transfer from LLC to you personally or leave it in the LLC-your choice. 

On this tile and tub, clear will look better than white, the only two real choices.

@Jeffrey Paye Good choice focusing on central Maine. 

Recommend you or your lawyer that established the LLC provided a breakdown of share ownership and "beneficial owners". 

I dont think the tenants that are currently there could pay for a 30 to 35% rent increase so the choice would be to let them stay and raise the rent bit by bit or non-renew and have them move out so i can renovate, clean up and get market rent with new tenants. 

I just didn't want to have to, but looking like he may not give me much of a choice.

And about 30 or 45 minutes worth of other bullet points, often the result would be that you would then go back to the taxpayers with (this is often how the choice would play out) "hey here's option A or option B, A has you paying less in taxes this year, but you mentioned that you might want to buy a home this year, option B might be more advantageous for that.