I am guessing a few will say to have my lawyer do it, but the other LLC was so seamless that it seemed superfluous to have someone get involved. 

But if you go over, you don't actually have to pay any taxes on the gift until you go over your lifetime gift exemption which is like $13 million, which i guess the IRS tracks.

@Robert Brock, I guess my advice is not really any different than I would say to someone wanting to be a residential wholesaler: you need to add value to the transaction.Often times, having the deal tied up is the value, but more often then not, in my limited experience with commercial wholesalers and residential, the wholesaler has no idea what someone will actually pay, so they tie up a deal at too high a price and then add their fee that turns a bad investment into a horrible investment. 

Hi everyone,After replying to hundreds of posts, I never thought I'd be the one posting and asking to the community for help but I guess everything has a first time!

Esprit: I guess the first assumption is - you still have the asset under the entity right? 

So... the definition of a house hack, I guess.

You could try filing a case/judgement against them but I’m guessing they ar leaving the area to screw over the next MTR landlord.

Guess I have not done enough in real estate.... 

and guess what - that might be OK too - but only if 1) you're OK with spending that money and 2) the investment justifies it.

They have been managing fine, although not too busy, I guess because of the market.