Up posting this post.  

Quote from @Robert B Azimi: A restaurant that’s doing great business feels he shouldn’t pay the rent on time for the last 4 months every month we had to post 3 day notice to pay  rent or quit on his front door for him to deign to pay his rent What legal action we could take to make him understand he is not the landlord we are he must pay his rent on time?

Post here and ask questions.  

If structured correctly, this could be a strategic first step toward future multifamily investments.This post does not create a CPA-Client relationship.

I’m not sure how many of the previous responders read your post because they didn’t even ask obvious question number ONE….1) How much of a capital gain will you have?

Monthly payment is 1900 with a 6.5 rate and would rent for 2500.posted in another group but realized it was the wrong one Hey Keith, I've helped other clients do this sort of thing - vacating a primary residence and then pull out cash to purchase another property elsewhere.

Awesome post.  

But based on the age of their post and their total number of posts, my guess is we'll never find out.

Be sure to tag your post with the location so local folks can reach out to you. 

Another option is a Tenancy-In-Common (TIC) structure, where ownership is split between you and the LLC, allowing compliance with 1031 rules while securing financing.This post does not create a CPA-Client relationship.