@Joshua ManningThe 25% is the equity remaining when you Refinance.  

I want to remain working for the owner well after the sale should it go through.

Therefore the tenant remains solely a tenant, just renting the property, until they choose to purchase.

Therefore the tenant remains solely a tenant, just renting the property, until they choose to purchase.

It may or may not work for them.You might tell them something in terms of your own understanding, but their understanding may be quite different.There's a reason why you can walk past billionaires on the sidewalk all day long: they choose to remain anonymous.

My lifestyle has remained largely unchanged simply because I keep reinvesting.

It may take years of hard work for an adult to shift those mindsets and boundaries we inherit from our childhood, and many will never attempt to push the envelop and remain within for the rest of their lives.

If the LLC is wholly owned by the plan and used to acquire property, then that exemption will remain in place.  

They all look to fall in the 5% range for gain and seem satisfied, knowing the market will also increase the value of their investment homes.

Basically the only thing you loose it the ability to offset ordinary income and of course your tax rate changes.Offsetting ordinary income with depreciation from investments is an awesome perk but the tax advantages of real estate remain pretty amazing no matter how rich you become.