Buy the property in your personal name and get an umbrella insurance policy for protection.

So just had to fullfil my flying desires personally and pay to fly instead of getting paid to fly. 

@Sharon WhitworthI believe They have closed down their older funds and probably whatever left they will let go to tax sale.

Another CPA can correct me if wrong but I don't think there's going to be any recapture here.27.5 to me implies 1250 property and if acquired after 75' means no additional depreciation to recapture.I think there would be unrecaptured 1250 in the amount of the depreciation taken previously, max 25% at ordinary rates.The total gain less unrecaptured 1250 I believe would be 1231 capital gains, not considering other factors like look back and netting rules.Also the land would be 1231 and would get capital gains treatment.And personally I would subtract selling costs as a capitalized selling cost.Amount RealizedLess: Adjusted BasisRealized Gain/LossLess: Selling ExpensesRecognized Gain 1001I could be wrong though so correct me if so.Article for those interested:Depreciation recapture in the partnership context (thetaxadviser.com)While Sec. 1250 only requires additional depreciation to be recaptured as ordinary income, Sec. 1(h)(1)(E) subjects unrecaptured Sec. 1250 gain to a maximum tax rate of 25%.

or are currently working on plans to tap into that source of funding?

Whenever a person is ready to sell, a thorough cleaning that gets in the nook and crannies is needed.

The group meetings are a little more personal than the REIA.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Your proof is a warranty deed.A warranty deed is a written legal document that transfers legal and equitable title of real property from one person or entity to another.

You might be more than 10% or even more than 100% on the hook with private money especially if that came with a personal guarantee…