In this scenario, each member doesn’t actually own real estate, they own a business (that owns real estate).If that is the case you have two options: 1) The LLC performs the 1031 exchange and continues to achieve the goals of the managers through changes or details added to the operating agreement and subsequently consider dissolving the LLC. 2) You dissolve the LLC and reform as Tenants in Common *prior* to the sale of the property.

The market doesn't care what you desire for cash flow....it only yields the same cash flow that every other property will have. 

We all joined STR because of the cash flow, so why would anyone choose STR over LTR if it doesn't flow.

I actually surveyed land for 12 years in the area and know all which way the socioeconomic patterns are flowing.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

That being said, you have to make sure you always refer to it as a secondary or vacation home while going through underwriting.

This can be a major cash-flowing asset for you & your family.

We're in it for the long haul and hope to build generational wealth and financial freedom for our family through real estate. 

If it will cost you considerably more in the future and loss of appreciation, lose of tax writeoffs and lose of cash flow in the meanwhile, than the amount of debt you are paying off, how does that put you ahead? 

I actually surveyed land for 12 years in the area and know all which way the socioeconomic patterns are flowing.