Do I just have to go by the actual numbers like revenue from last owner and taxes?

Prior to my experience with Safeguard Capital Partners, I was a buyer of distressed multi-family properties in my immediate neighborhood in St.

I've been buried with tax preparation and a couple projects, so BP moved from the back burner to completely off the stove!

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

My hope is they will be removed from the property prior to 2/15 but, I'm worried if paperwork was done incorrectly (I don't believe it was) and I need to start the process over again, I can just fall back on the 30 day notice.

If possible, in the future I would try to obtain a copy of a standard Condo questionnaire from the HOA prior to the mortgage application process and ask your lender to review it in advance in order to mitigate some of the time and costs risks associated.

@Brandon MorganAn LLC will not reduce your taxes.

The same thing you claim on your tax return for your properties.

As I stated above, please exercise caution and make sure fully executed documents are received prior to wiring funds.

For example, what is the monthly revenue for the property and what are the "All In" expenses, including mortgage, taxes, insurance, utilities, repairs, etc...