It just suddenly dawned upon me that I hadn't quite taken the opportunity to look back on 2019 as a whole and simply digest everything that happened - definitely a B-LU-RRRR (see what I did there).For the majority of the year my "day job" encompassed managing a 15 agent brokerage focused mainly on assisting others with buying and selling their primary residence, before eventually switching brokerages and starting a new team at my current brokerage.

@Cherri B.

John purchased this property for $250,000David makes a contribution of $500,000 Cash into ABC, LLC.John or the LLC does not need to report a $250,000 gain as a result of contributing this real estate into ABC, LLC.Regarding the question of how I would know the cost, there is documentation tracking everything nowadays.LLC's are denominated in shares/units.There is likely a legal document saying Person A sells 100% of the shares/units of an LLC to Person B.

Was a little surprised when they told me that just b/c the property is non-owner occupied, I am looking at a rate of around 5.3% to 5.5%.

We own B/C class houses and stabilize them after we purchase.

I can see this for higher end A B type tenants.. were rent is 2500 or more a month.. first last is 5k and then you need 2500 security deposit so 7500.00 to rent.. which is very common in our market..  

I’m guessing there was some some of specific Exclusion in the B section of Excludions. 

So person A invested 200K, person B invested 100K.

It's a 2 bd 1.5 bath condo in a B+ neighborhood that is likely to turn into an A-/A over the next 10 years due to light rail construction and a growing university population.

Thanks, @Bob B.!