I am also a rookie so I don't think I have time to waste on activities that are not contributing to generating revenue. 

I want to sat 'BIG' Thank you to everyone who contributed to this fora.

We will be looking for an unsecured LOC however, we are hoping to contribute $20k in a CD or holding account to secure the financing. 

The other one said the holes were a major part of the problem, but there are other parts of the roof with cracks contributing to the leaks as well.

If that's not possible, at least contribute up to the employer match.  

Therefore, it might be helpful to know the LLC's federal income tax status...Generally, contributing and distributing property to a partnership does not have a tax effect.On the other hand, distributing property from a corporate tax entity, either S or C, would be a deemed sale.

There are owner contributions and withdrawals from time to time depending on needs.But back to banking, if you plan on holding each asset in a unique LLC, then each asset gets its own bank account. 

This post is truly motivating and I am grateful for your contributions.

I know there are a few other ways, but wanted to get this thread started for anybody else ready to contribute!

I doubt so, but some of my colleagues might feel differently.You may come across a popular notion of "how would the IRS know that I never moved in"?