This won't change the numbers at all, but it will correctly reflect the personal ownership of the RV.Since the RV is in our personal name, and our two LLCs use it for travel, should we treat the RV as a separate rental business (sole proprietor) and rent the RV out to our LLCs when needed for travel?

@Steven Myers  You are correct sir, aviation is a fickle mistress. 

One additional thought: a disregarded LLC might work for you if structured correctly.

OK so your agent did send the mutual release and return of EM to the Title company requesting they forward to the seller.. is that correct ?? 

We are looking to wholesale outside of our chosen market to help build capital for projects within our chosen market (Louisiana) as I have potential deals in other markets and am not confident in how to proceed with them contractually, (don't want to be stuck with a bill I can't handle currently and also want to ensure I'm operating correctly).

A legal expert might correct me here.

Have 2-3 contractors look at the job and get written estimates on what it's going to take to finish the job, correct the mistakes, pass occupancy certification etc. use those estimates in your countersuit / mediation process. 4.

Asking in the correct forum will get a better response.Read the RULES!

Yes, a rule of thumb COULD eliminate a good deal if not applied correctly.

Calling this cash flow is correct, but also causes confusion when you shift to a tax discussion.