So, no you really should not co-mingle your personal funds with those belonging to your llc.

I am a contractor and I have all the free work I can handle . 

How are you handling New Brunswick's high rental property tax if you dont mind me asking.

Of course the existing agreement is going to govern exactly how such a transfer would need to be handled but at a minimum the tenant would need to acquiesce in the transfer and terminate the option... likely by joining in execution of the deed.

We did not specify how this would be handled in the lease if 1 leaves but the others stay.

@Tomas Cekauskas, just curious how the current owner is handling it? 

Now, I'm looking at 15 to 20 if I'm in the market to buy.An investor, who teaches real state courses at NYU invests heavily in Westchester county whereas his real estate office is in NYC where he handles leasing for his family real estate business.

Just as you said, as for where we want to be long term, after his two years we will likely end up selling the NY property in an effort to consolidate our portfolio closer to where we want to be long term in the Delaware area.What I wonder is it a good idea to try to live in flip with a low potential profit margin or buy and hold in a potential risky area to live for basically free?

I have a three family property in Fort Greene Brooklyn NY that I’m working on and I need and architect that can handle some draftsman work.

Let a CPA handle it for your own good.