I do not have high hopes on that opportunity, but I recognize that seems to be the better deal.

With a 50K adjusted basis gain recognition and purchasing 100K less than what you sold the entire depreciation recapture and gain would be recognized.

Any PM running their business the same way as they were 3 to 4 years ago is not really a savvy company to recognize the changes in the market.  

It sounds like you recognize the downfalls, yet still choose to partner, so I'm guessing you feel the benefits outweigh the challenges.

Following the lending law is half the battle, the other half is recognizing a good/bad deal or knowing what to do when things go sideways.It's not only the lender that can lose money on a bad deal.  

As a sidebar, as a member of the parent company you can sign for the subsidiary if the subsidiary Operating Agreement recognizes you as a signatory.

I make no judgement against them - I have family members that are like this - I just recognize it for what it is, share knowledge with them when I can, and hope that one day they will come to the light 😃 

Keep in mind, brokerages are regional, so many people do not recognize the names of big name brokerages from other parts of the country, such as Windemere in the pacific northwest, or Long & Foster in the midatlantic, 2 of the top 10 say largest brokerages in the country who are region specific. 

I don't think that could have happened without the lineage of family members it passed through all recognizing its importance and its irreplaceable value. 

While California is a community property state the state still recognizes separate property where it is clearly identified.