Keep looking, find one where the numbers work and pull the trigger!

Should we form an LLC or a clause in a partnership agreement?

However selling them would trigger larger capital gains tax and lose the benefits of passive income.

I signed up for it yesterday actually which will be June 9th while there is another later in June.I had been in analysis paralysis for nearly 6 months before I finally decided to pull the trigger.

I am starting to look for my first house hack and am a little nervous on pulling the trigger while living in a different state.

Hey @Michael Noto, thanks for the input, I ended up pulling the trigger on the HVAC. 4 bd 2 bth & 2bd 1bth duplex, hurts dropping the cash now but numbers say will pay off.

Be totally comfortable with your decision before pulling the trigger. 

If you say yes that may trigger something saying that you cannot have it occupied until inspe turn is done....and again how long is that?

So, if you and another person have existing personal partnership or joint venture enterprises, having your IRA transact with that person could be questionable.

Overall, the complexity associated with assuming ownership of 1/6th of an existing partnership seems quite high (unless the LLC bylaws already provide a mechanism for transferral of ownership)?