Depreciation recapture is tax you’ll need to pay upon sale of the property (unless you 1031 exchange the property).

Of those who have an Operating Agreement, most don't follow it precisely which negates the value of an LLC anyway.

You want to show that the relationship is not going to be one sided, but rather in exchange for them sharing their knowledge and experience you can provide some value in return.

Here are some of the online exchanges you can buy from, granted they make not all sell performing notes or Partials: PaperstacLoanMLSExchangeLoans AmeriNote XchangeInvestors MLSNotesDirectNoteTraderExchangeWaterMark Exchange

Last but not least I hired a professional general contractor to manage the construction of the homes, he scheduled the sub contractors and navigated the permitting process in exchange for a $20k fee per home.Again, new construction isn't the best place to start.

We need to be precise with our terms.

(is it a company's website or an exchange like FCI?)

I'm having a hard time deciding whether I should try to do a 1031 exchange, cashout refi, find a lender willing to give me a HELOC on it (non-owner occcupied) or to just leave the equity there and save up another down payment for my next property on my own.

This spring we decided to sell one of them using a 1031 exchange and purchase the some replacement properties in Milwaukee.  

Lastly, many investors who purchase in this price range and higher are doing 1031 exchange and/or is paying cash.