If property was free and clear, then the owner of the property should get the fair market value first from proceeds of the sale.What was the purpose to do 50/50 and how do you legally wrote that house contribution?

PAM---Pam Blanco  Property Asset Management.Address: 2201 N Collins St Ste 240, Arlington, TX 76011Bobbi---Wilco in Fort Worth...Address: 3500 Hulen St, Fort Worth, TX 76107---Trend  Address: 204 S Main St, Keller, TX 76248---Renters Warehouse....Address: 5304 W Plano Pkwy, Plano, TX 75093

I'm currently looking in several areas and one of the areas that has caught my eye is Auburn, Maine.

As long as you never make decisions based against fair housing laws , That is the main thing!!!

If each LLC has leases themselves, what is the purpose the property management LLC?  

We would plan to take our current main location which is the largest and downsize in the same business park. 

Main Water shut off not located on  the meter.

My main suggestion would be to partner up. 

I could tease this out more, but the main reasons are 1) a down economy, 2) an emerging economy, 3) AAA property locations, 4) lack of credit available, and 5) historical buildings (very sturdy construction, 3-4.5m ceilings, etc) that are very undervalued at the moment for mostly aesthetic reasons that can be fixed quite easily.

Keep some documentation that makes it clear you used HELOC for business purposes (timing if HELOC with timing if expenses paid).