Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

We are glad to pay the 15% once the rental occurs, if that is the appropriate rate. 

Any helpful advice is appropriated.

That means calling/meeting with the appropriate governmental authorities and asking whether the property is conforming or non-conforming. 

One, Georgia's Own, horrible experience. 30 minute wait, passed from one person to another despite entering the appropriate telephone response.

Other factors will still come into play as to whether it could qualify (qualified use, use of proceeds, etc).The new Opportunity Zone tax benefits could possibly be utilized to defer or eliminate taxable gains in your scenario if proceeds were reinvested appropriately (ie. loaned to a friend for an investment will likely not qualify).Hope this helps

LOL - Deep thoughts for thin walls...I wasn't kidding about building a portfolio for you, but this is not the appropriate way to initiate something like that.Peace out rich man and keep on enjoying the art of the world like only you rich folk can afford!!!

There is not really a reason to build your emergency fund beyond the standard thresholds you've deemed appropriate.

- I do predict these markets to grow rapidly (eventually) but then again I have zero experience in market predictions which is why I do want to participate in rehabilitations.

Regardless, a more appropriate response would have been:"I'm sorry to hear the unit is not working out for you.