Hey Russel,Admittedly, I do not know BAM; I am curious about what is driving your interest in/decision to invest whether its a preferred return or more back end equity, or just tax advantages.The market has definitely put some operators' projects in distress, and it is very unfortunate, but the flip side is that other operators are able to use stabilized financing to acquire these distressed assets.Our operator partners are seeing an almost 20% discount as they are acquiring assets today.

You are going to see these benefits in the long term, and while you live there you will save on your monthly expenses and also get tax benefits doing so. 

You need to talk with your attorney and tax advisor to determine the best structure for you and your goals.One big positive in LLCs, even though the cost to finance is much higher (more down and higher interest rates), when you get commercial loans, they will no longer be on your credit report.  

We would like to keep the operating revenue and expenses separate from our personal stuff but want to file them along with our personal tax returns.

So, with much larger purchase prices giving him and the beneficiaries of his trust when he passes more money from the property in the end as well as a low or no down payment situation mitigating the capital gains tax he's responsible for, he is understanding the direction we have to go in order for this to be a deal for both him and I. 

Most have left due to personal reasons and claim it's nothing to do with the house.

Hello, I purchased a piece of vacant land in LA county through tax sale.

Hey BP Fam, I am a current wholesaler that came across a property with a $120,000 tax lien on it.

We are not married, but I charge her 'rent' which is a little less than 1/2 the mortgage.Are there any tax benefits to saying she's a renter and I'm the landlord?

Checking most recent tax year for tax prorations, instead of most recent mill levy (big difference since taxes went up 30-35% last year, $10k screw up I saw in real life by a buyer last year)3.