Significant repairs are being completed now and buyers have contributed large down payment and I am financing them on contract with a 30yr term loan and no PPP.

If you want to contribute, or volunteer, or know of someone in need of food, clothing, shelter and/or assistance, please refer them to one of the very best organizations, the Los Angeles Food Bank.

I am also a rookie so I don't think I have time to waste on activities that are not contributing to generating revenue. 

I want to sat 'BIG' Thank you to everyone who contributed to this fora.

We will be looking for an unsecured LOC however, we are hoping to contribute $20k in a CD or holding account to secure the financing. 

The other one said the holes were a major part of the problem, but there are other parts of the roof with cracks contributing to the leaks as well.

If that's not possible, at least contribute up to the employer match.  

Life is a magnificent journey and much of the joy you can derive from it involves performing meaningful work. 

Therefore, it might be helpful to know the LLC's federal income tax status...Generally, contributing and distributing property to a partnership does not have a tax effect.On the other hand, distributing property from a corporate tax entity, either S or C, would be a deemed sale.

There are owner contributions and withdrawals from time to time depending on needs.But back to banking, if you plan on holding each asset in a unique LLC, then each asset gets its own bank account.