You can do your own analysis using some of this info to see how it would work for your specific circumstance.

Which will likely demand a lot of attention at some point due to some unforeseen issue.

I'm sure this had helped you avoid what would have otherwise been "unforeseen" difficulties with additional holding costs and appraisal surprises.

There is an entire set of facts and circumstances as to whether or not you are a dealer, so I won't get into that. 

@Jacob RickelIf I had your set of circumstances I would buy the best 2-4 unit I could find within next 30 days.

Circumstances, asset protection, tax bracket, state and local laws, etc all play a role in the answer. 

Would this be a bad decision to make given our circumstances?

Account Closed Under the circumstances I'd want it re-inspected.

Many of those issues you probably have not even considered.Meanwhile, assuming you are 50/50 with your partner (a Pandora's box itself), I recommend these steps:each of you transfer $50k from LLC A into your respective personal bank accountseach of you contribute $50k from your personal accounts into the LLC B accountLLC B uses these funds for the property acquisitionIt should not trigger any taxes, under normal circumstances.

Rely on your information you learned as a guide, but remember that each deal brings on its own unique circumstances that may not have been predicted.