I read your initial post to mean that you wanted to buy out the partner and then create an LLC to reinvest (with you and your father as LLC members).  

Putting my top amenities in the Airbnb post. i.e.

Based on your prior response to one of my posts, I bought WLB leases.

Thanks for writing this post, its really informative.

Though it’s been several years, you can see it in my post in this thread.

I started off in webinars, reading posts from the outside, and planning of to get 'skin in the game' before posting.

I'm not justifying what brokers do and, yes, some of them are lazy (the post and pray guys) and conniving (hiding a listing so they can get both sides).  

Great post, Nelson - can be confusing especially when just starting out and looking for different means of financing 

I posted something similar last night.

After ten years compounding at 5% that amount would be worth $1,348,602, which would really be $1,256,344 after accounting for LTCG @ 15% (1,348,602-733,500 * .15).Final amount for condo conversion: $1,256,344Pros: After money is reinvested, passive incomeCons: Taxed twice, once on sale, once when investments are sold, no real control over money once investedScenario 2: 10 year holdI pasted my numbers at the bottom of this post so it's easier to see, but my thought process was as follows:1) Calculate value based on reasonable appreciation trends, plus cash flow.