From my understanding is that the deal is structured between buyer/seller with an agreement that the seller keeps the loan under his name, the buyer takes over the payments with any additional down payments.

Ideas on should we structure the deal?  

So a move from structure to raw land is fine as long as you're intending to hold that land for productive use. 

The income will most likely be taxed as ordinary income at your marginal tax rate, plus you're likely to be on the hook for self-employment tax for some/all of the income as well, depending on how you've structured the LLC.Long story short, flipping is *not* a good way to shelter taxes.

Looking for something in the 200,000-300,000 range, that needs work but no structural issues. 

This condo building will most likely be bought and torn down in the next ten years (wood structure, 4 story, 1995 build), but until then I have great tenants in the unit and it cash-flows very nicely since I was able to purchase it right before condo prices saw roughly a 20% appreciation.

If not - for a <$1M business, I'm curious to hear your guys learned experiences on the best way to structure your REI business.    

Are there other tax structures that are possible or that you would recommend if we did not go with the TIC? 

(I'm patient and will need an extension anyway due to my K-1s) I have been trying to find a new CPA for my 2021 taxes and so far the only ones who have real estate specialties that I have been able to get a hold of are those who assist active investors who structure the deals as a GP or RE investing is their main source of income.

Probably the biggest changes will be if the states have different legal structure for spouses, such as tenant in common, etc., and how those are handled when selling a property, as well as the agent responsibility if it is a non-disclosure state vs not.