@Don KonipolSo we have a short term loan with someone and as part of the loan they paid all the interest upfront (12 month loan), loan is maturing and they have extension options (for a fee) - they asked about the extensions and we said it was X amount for the extension and you would also start paying the monthly interest as well.They flipped out and am like what do you mean I have to pay interest ?

So the funds need to come out of the LLC one way or another.Not a tax advisor by any means.

I wrote an entire post on how to file your tax returns that so that they are more friendly to lenders you can read HERE. 

That's less than 22% of the taxes owed!!!! 

or just filed tax returns capital gains for the average? 

What are the book keeping and occupancy tax challenges that are faced?

I’ve considered Texas but I’m not a fan of the property taxes.

Will my property taxes and mortgage interest rate change if I place my property under an LLC going forward ?

Many homes are overprice but even at tax assessment value, the rental income is not meeting the 2% rule.Am I mis-interpreting this rule?

With your $50K in debt, use the cash flow (keep some aside for taxes) to pay down the debt as well as any other money you can (assuming it is a higher interest rate).