If anything it just complicates the accounting and taxes.

Now I feel like this process is super complicated.

We'd like to see if you have done rooftop terrace or patio to the flat roof before, and was it complicated and time consuming to: obtain zoning change and permit; and build a rooftop terrace or patio?

If any of that loan amount did not go for business expenses but part goes to personal nonbusiness then its a complicated mess.

The only complication here is that during covid, some states arent allowing people to actually meet up, and the meetings might be zoom meetings.

I also want to structure things in a way to protect myself and my boyfriend from any financial disputes or complications- keep everything 50/50 between us.

If she wants to exit real estate entirely it's going to get complicated and may not be worth the transaction costs and legal exposure.

The owner captures all of the equity.While this may seem complicated, you can also try to visualize a flat annual expense against an asset growing at an exponential rate.

However, with TK properties in some areas like Memphis or other cities with a well established TK operator presence, it's a little more complicated.

Now, if the LLC is a single-member disregarded entity not filing its own return, my interpretation is that you acquired the property for $30k.If the LLC files its separate return, it can buy the note from you for $10k, achieving the same result: $30k basis in the property.Or you can complicate it if you or your CPA prefer complexity.