Excess cash every month would essentially pay off more debt in the property and then use a 1031 exchange to move to a bigger property, all with the hope of avoiding the tax man.

As long as the Deeds were recorded before the lawsuit and or Judgement.SO, isolate RISK, balance equity to $zero$,I have been advised to make sure you fund the LLC properly in the beginning, NEVER co mingle personal expenses, and regularly sweep excess cash out ( ie. through an employment agreement or other DOCUMENTED business agreement like a lease back or whatever).Also remember that you are liable personally for anything you personally do, LLC business or not.

All other flooring will expand and contract excessively under those conditions.

I think the best play is to pass down the expenses to the tenant to reduce the expenses which are ridiculous.That being said you are probably right about raising rents simultaneously as being excessive.

Your friend's funds should also be paid into the purchase escrow account (not to you directly) and the note should not be in excess of your state usury law.

Seems pretty reasonable (as long as it's not excessive to the point of being suspicious).

Then you have bigger problems than figuring out what to do with excess cash flow-- huge financial headaches, the threat of foreclosure, tainting your credit,etc.

Affordability and expandability - I only have 6 units (trying to avoid excessive fees and add-on costs)7.

Even though they are paying for the utilities, it is putting excessive wear on the system and I worry it will fail prematurely, which would be my cost to bear.Does such a product exist?

Use the debt capacity or excess cash to ramp up the investing side.4.