Hi BP Community, 
I have an interesting situation and was hoping for some help. I just got an accepted offer for a multi family (2 units) in a beach community near my hometown. Both units are currently occupied with ...

I have some questions regarding my unique situation and I knew BP was the place to go for some help.

If it helps, I’m 25 and my ultimate real estate objective is to generate a medium class salary equivalent through cash flow by age 32.

I would call it a B-class rental, for the area it's in.I don't think the tenants will object to this increase, but I have been considering offering some improvements to help "offset" the increase. 

I'm assuming this is not a new or unique situation...would guess that someone here has crossed this bridge before.

These can be summarised as follows:What are the objectives of the joint venture?

I know this is a bit unique as its not a full cash out and I am having to do a loan regardless.

So I’m looking to get started in real estate with the objective of gaining passive income.

While a member-managed LLC might be feasible with 3-4 members that know each other very well and have identical objectives; when larger groups are involved, it rarely happens.

One of the recurring objections however is taxes, my investors don't want to incur the capital gains taxes.