Thank you @Rita Medeiros definitely have been on the search for local meet ups to meet likeminded individuals.

You were not able to take any of the losses because your income was above $150,000.in 2017 - you have 7,000 of suspended losses and $1000 of loss generated in 2017.You sell the property for $125,000 and your adjusted basis is 78,400(21,600 of accumulated depreciation).You calculate 46,600 of gain but you are entitled to report the $8000 of losses on schedule E.Let me know if you have any questions.

Hi Y'all , I’m looking to meet like minded individuals in Phoenix to discuss investment strategies.

I am now in a contract position as 1099 and have the option to fund my own Solo 401k up to 55k, which is amazingly awesome compared to most employers just providing the individual limit. 

I have a question that I am hoping someone can answer- Why do some people advocate that you never pay a loan down because a loan is a wealth generator?

Now, if you and your partner were to both have properties you wanted to own in your own name the LLC could sell and then 1031 and buy the replacement properties and after the 1031 is complete you could work with your accountant to dissolve the LLC and distribute the properties to each of you individually. 

It is not cheap, but the idea is to generate interest.

Wouldn’t sell them off individually.

Technically, you are not actively working with clients, but you can refer people who are looking to buy or sell to an active agent and get a 25%-30% referral fee on any commissions generated.

It comes down to what revenue you could generate with the land that will determine how much time/resource you spend.