.- Now the plaintiff can obtain judgement from both property A *and* property B; both are liquidated to pay damages (A covers 400K of it, and B covers an additional 100K of it) - your LLC now has a worth of 300K, down from 800K.If you had owned property A and property B in separate LLC's, property B would have remained untouched (assuming there was nothing causing the court to go after your other assets - i.e you grossly mismanaged the LLC finances or something).

I don't recommend forcing the girlfriend to remain on because it serves no purpose other than to set them both against you.

However prior to that they were flat as the preverbal pancake for about a decade although vacancy remained low..

The remaining tenant is still there and has been since 2003.

The trustee of the trust needs to setup a budget, have a proper reserve for things like operations, maintenance, taxes/tax return, and other expenses and then disperse the remaining funds by percentage ownership.I would recommend speaking to whoever setup the trust if possible and/or a CPA to get full clarity on your issues.

We remain on the critical path.Regarding the property for development, I spoke with an architect that we work with through my business (Cain Construction CO LLC - Concrete Contractors) and presented him my zoning information (setbacks, max lot coverage, building height etc.)

Some tenants can help by giving you leads.Make sure you remain professional and polite.

If they don't need the rest of the lump sum, it will just sit idle compared to the offer you make that provides them monthly income.etc. etc.I am interested in pursuing this strategy, and have read about making the seller 3 different offers based on varying down payments, selling price, length of payback period, and monthly payments.Example on a house that the seller believes is valued at $100k- Offer 1:  $100k sales price, $10,000 down payment,  make a monthly payment to the seller of $750 per month, for 10 years (this is the remaining $90k owed to the seller).- Offer 2:  $113k sales price, $5,000 down payment, make a monthly payment to the seller of $750 per month, for 12 years (remaining $108k owed to seller).- Offer 3:  $90k sales price, $15,000 down payment, make a monthly payment to the seller of $625 per month, for 10 years (remaining $75k owed to seller).Notice how the 3 different offers meet different needs of the potential seller.  

Then the existing loan's interest remains a personal deduction (again, could be useless under the new law), and the HEL interest is deductible against the rental.Warning: the $50k/$60k interest is deductible as long as it is traceable to the new property.

This same split would follow through on the exit, so if our basis on a house was 50K and we sold it for 100K, he would receive his principal back plus half of the profit (75K) while I would receive the remaining 25K.