Brother and sister sold for 200k they owed 20% capital gain on 190k "carry over basis" if they would have waited their basis would be stepped up on date of death to the fair market value of property or 200k so they would owe no tax on the sale of the property.  

Value Home Centers (around here) have these on sale for $6.97. I just picked up 20.  I retro fit them into the ceilings to replace old light fixtures.The last time they went this low I bought 50 & used them all be...

"The court's ruling has important implications for other 'turf states' and vindicates the rights of commercial real estate investors, who should not be forced to choose between seeking fair market value for their property or violating state laws," says Green, who led the lawsuit on behalf of Marcus & Millichap.

I've dealt with quite a few containers and it's really a fairly complex process.

It is not exact but will get that specific investor fairly close.I am not sure what product the original poster was going for but this topic quickly moved to large apartment door complexes and that may or may not be appropriate for the original question.

In my neighborhood there are quite a few recent sales within the last 3 months so I can get fairly accurate comps on Zillow or Redfin.

The price to rent ratios there are more favorable, and you can meet the 1% rule fairly easily.

I'm fairly new to the site myself but am learning a ton just by reading the forum.  

The reason is fairly logical: the LLC can only act through flesh-and-blood people and the people are responsible for complying with the law. 

I live in a fairly high price market(650,000 average)and grew up on the beach in socal knowing a large portion of people.