@Paul RyanGoing to try and answer to the best of my ability but I am not a cpa or a lawyer and can’t give legal or tax advice.Typically you are not able to offset the depreciation recapture tax.

DISCLAIMER: NOT A LAWYER or anyone practicing law on this planet or another within the solar system.However I would think if something happened it would take a competent lawyer about 30 seconds to say "The mortgage is under @Peter Hoang so the veil should be broken and we can go after his assets as well". 

@Asa AldridgeAny lawyer can pierce an LLC.

If you haven’t gotten a lawyer involved yet then this is shame on you - as a lawyer could also easily answer these questions.

I went through a RE lawyer to write up the Land Contracts and paid regular Title Companies to do the sales (and stayed within the Dodd-Frank limitations). 

Going to dig deeper into it today, and would appreciate your lawyer contact, too.

Hello Philly BPI'm looking for recommendations for a good lawyer specializing in foreclosures.

I live in CA. Trying to get ready for property investment portfolio. I’d like to get some professional help on setting up LLC+land trust as I go along. There are different suggestions on how to structure it and I am l...

One lawyer call and back to ground zero. 

I'm a big fan of the BP podcast and it has really motivated me over the last 2 years as I began my REI journey (as a busy mom and lawyer, it has helped me to not lose focus of my REI goals).