If S8 is not rising annually you need to drop all S8 tenants and get out of the system.If there is no additional financial benefit to renting S8 ther eis zero incentiveto be in th eprogram...except maybe for disconnected landlords.

The tax benefits, equity and appreciation rates will make it worthwhile if you're able to do it as well. 

Depending on the custodian, they may want to see the LLC amended to reflect the Roth IRA as the member.The lenders would likely want to re-do the loan paperwork as well.At the end of the day, whether the investment asset is stocks or real estate, the concepts and benefits of a Roth conversion are the same. 

The cash flow can be adjusted to an extent by reducing the amount of cash you pull out.  

Hello All, So if I am understanding you guys right @Mark Creason & @Dave Foster what you are saying is that if someone sells a 300K property that they have 150K of 'adjusted basis' in, and they want to take out 150K of 'boot', there is essentially no point in doing a 1031? 

Most properties need some type of updating, even if just cosmetic updates to entice renters, so you need to know what other properties that are similar are selling and renting for rehabbed, and that requires comps analysis and adjustments.

Dave is an amazing person, with the added benefit that he is also a real estate investor.

I know I'll need to make sure the insurance is adjusted to the LLC after the rehab and deal with any recording fees that take place due to the transfer, but I don't see any other draw backs from doing it this way which will give my company at least a decent start to building a good reputation.Any thoughts on what I may be missing in my strategy I've explained above?

Cost benefit analysis. 203k is FHA so you have MI addl cost but also you only need about 5% roughly to buy it.

Since the entire property can be separated into 5, 15, and 27.5 year depreciation lives, it may make sense to look into getting an analysis of your entire property. usually any property purchased for over $500,000 can have benefits well worth having a cost segregation study done.