If you have a loss - an ordinary loss is more favorable than a capital loss.passive vs active may not matter too much especially if the activity and partnership will be dissolved simultaneously. 

Connect with other members too esp in your target Houston area to learn from their success stories and experiences and possible partnership.

Connect with other members too esp in your target area, to learn from their success stories and experiences and possible partnership.

Many of these folks are planning to skip out on May 01's rent payment to their landlords.......... the virus pandemic, triggering mass quarantines and economic depression, has exposed America's second housing crisis.

What are you thoughts on a partnership with 6 members purchasing a 6 unit+ property.

As time goes on, my systems are improved, my comfort level grows, and I am able to pull the trigger faster, as I learn to recognize what fits my goal easier.  

You can't go from S Corp to an LLC taxed as a disregarded entity or partnership without going through a corporate liquidation. 

What is your experience with your former/current partnerships?

Connect with other members too esp in your target North Carolina area, to learn from their success stories and experiences and possible partnership.

Co. of Am. 2014 WL 6675934 (D.N.J. 2014) (holding ammonia discharge at packaging facility constituted physical damage triggering business interruption coverage even absent structural damage because it “physically transformed the air…so that it contained an unsafe amount of ammonia…[and] rendered the facility unfit for occupancy”).See also:https://www.law360.com/article...