In your situation, you can plan to minimize your losses or to trigger passive gains to absorb these losses.

Additionally, I am looking to learn more about LLCs and weighing pros/cons. 

Is she willing to read a book or watch a video to gain a better understanding?

So I will not have to pay the capital gains tax if I sell if now (CA).Average stock market return is 7-8% (historical data).Too much investments concentrated on real estate.

Hi Nathan, I say nothing ventured, nothing gained!

It would mean giving up that benefit and spending money for little gain when you step up to those types of investments.Of course, every situation is different.

A lot of that knowledge is going to come from the real world experiences I gain with the existing property over the course of the next year.

Even with the additional maintenance expense we still drive a 66% better NOI than if the entire park was TOH.  

Make sure they list you as a lender on their homeowners insurance policy, and not as an additional insured.

Additionally, they typically demand the highest rent with little or no deferred maintenance issues.Class BThese properties are one step down from Class A and are generally older, tend to have lower income tenants, and may or may not be professionally managed.