The main diff is that with a partnership you have another return to file, and thus more accounting costs. 

Work with your accountant to do so just in case there's any issues remaining in that LLC. 

I only posted to this forum because this is my ideal field of interest since I want to be involved in large scale deals.

I’m not totally new to real estate and I am aware of the stress and frustration that will be involved.

My portfolio is expanding and I feel I need to make a switch to a different software (I am currently using Innago) which has worked well for years but is missing some of the more sophisticated features - there is no mobile app for landlords so it's hard to manage on the go, there is no accounting functionality built in, changing lease terms/renewals can be clunky. 

Property purchased late 2018, so seasoning is not an issue. yes renovations were done sone time ago.The lender is involved in BP, so I’ll leave it at that.

This may involve initiating a foreclosure action."

Something that requires me to have no knowledge, experience, or involvement?

That can involve leveling compound or underlayment designed for flooring.This might seem a little picky but I really want everyone reading this post to understand.

Hello @Tedman Cheng, If you are worried about taking the capital gains hit, ensure that all the capital does not hit your account by splitting that up with your partners.