Mainly I'm confused about: When you quit claim it from a name to an LLC it is neither a contribution or a loan so how is it properly accounted for?

However, I would ask yourself if you really want to contribute to an IRA.

My business operates in San Francisco, and office rents are far in excess of what we can afford.We recently stumbled upon Workshop Cafe (https://www.workshopcafe.com/) where my team and I currently work.The business functions as co-working office space and coffee shop, allowing customers like my business to rent seats at $3 per hour.This is awesome for the following reasons:I can take calls without worrying about loud people or coffee shop music (a common Starbucks problem in SF).We only pay for the space when we use it.Workshop cafe has two locations and has proven they can be profitable with little scale (unlike larger competitors like WeWork).BP Community1) Have you seen any other innovate co-working business models?

So when you take out 80k as distribution, that amount was either you put in as captial contribution ( common stock or Apic for a S-Corp) or it was previously earned and retained in the Corp as retained earning.You are just taking that out. 

What I *didn't know* was that once that LLC was set up, we could never make additional contributions, make new purchases etc.... a 'one and done' so to speak.

I have 2 small 401ks (less than 20k combined) that are no longer contributed to, due to me working a pension job..

In a bid to keep the ownership in the LLC at 50/50, would like to structure some of the down payment funds contributed as a loan to the LLC.

And the investor is able to contribute 100% of the $2,300 to paying down the principle he will have a balance of $840,000.

I found out about BiggerPockets from Brandon Turners book "The Book on Rental Property Investing" and am really impressed how everyone on here seems to be very excited and willing to help everyone and I hope to be able to contribute in the same way!

@Yern Chao Your gain would be calculated by using the following formula:Sale price - selling costs - basis = gainBasis would be calculated as follows (simplified):Purchase price + improvements - accumulated depreciation = basisThere are other factors that contribute to total basis, such as closing costs, expenses prior to placing the property in service, other assets, etc. but we will use the above formula for the sake of simplicity.With that said, your basis is likely not $237,500.