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Hi everyone,I have a unique situation wherein we placed 3 properties (all located in maryland, baltimore city) into an S corp and looking to transfer at least 2 of the properties out of the LLC into a multi-member LLC partnership.1)  are we subject to transfer taxes or fees for the transferring?

I just need a little extra help with the next steps and figuring out all of the details needed to make it happen.I would like to close on a deal by the end of this year, using either my VA loan or an FHA loan to house hack.

In order to legally use the basement as a bedroom for you or someone else, the basement needs to have egress windows with a ladder to get out.

To that end, in most cases even if the properties are owned within an entity, the principles (investors) will need to personally guarantee the debt.

Will it match the statement amount up with the actual credit transaction for the bank account attached to Stessa?

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Im hoping to learn a lot from all the wonderful people on here.

Although I’ve been a long-time member, I’m just starting to engage more actively here.

Haven't found much resources on how to structure the deal whether to buy out partner's shares at existing basis (I believe this wouldn't be advantageous as I wouldn't get to mark the asset to market and lose out on depreciation) or open new LLC or S-Corp and buy out both partners (I would end up taking gain tax due to sale but would get new dep. basis).