You need to understand the tax regulations on both sides of the boarder.

Way too much liability and risk out there.You can't purchase a residential property in a new LLC in NJ unless you have two years of tax returns on the entity or a relationship with a local bank who will allow it.

Hey Russel,Admittedly, I do not know BAM; I am curious about what is driving your interest in/decision to invest whether its a preferred return or more back end equity, or just tax advantages.The market has definitely put some operators' projects in distress, and it is very unfortunate, but the flip side is that other operators are able to use stabilized financing to acquire these distressed assets.Our operator partners are seeing an almost 20% discount as they are acquiring assets today.

See a tax advisor

You are going to see these benefits in the long term, and while you live there you will save on your monthly expenses and also get tax benefits doing so. 

If you have further questions, call your insurance company, they will be able to give you some insight into your liabilities since chances are they will be representing you for a mold claim.Lastly, you can call a remediation company for a quote. 

Hello, I purchased a piece of vacant land in LA county through tax sale.

Hey BP Fam, I am a current wholesaler that came across a property with a $120,000 tax lien on it.

Your greatest challenge is going to be running this management company without the appearance of co-mingling all of the LLCs together.Bear in mind that one of the things that you'll be doing here is converting Passive Income to Earned Income via the Mgmt Company and that will be subject to self employment tax whereas had you left everything in the property LLCs, you'd have only passive income. 

Basically trying to get the most tax benefits and protection as possible.