If the two of you were simply individuals owning the property as tenants in common and neither of you owned more than 50% of the entity then you could make the case that it was not a related party transaction.My fear is that if audited the exchange would fail due to the closeness of the related transaction. 

I don't see that there should be any disclosure requirements for someone who isn't licensed since the rules for that are specific to licensees.

I don't want to change our software for accounting / management because I have another LLC that requires quickbooks. 

Meanwhile, South Metro Atlanta is seeing a surge in interest due to affordability and transportation access, though it may come with higher vacancy rates or require more research.Regardless of location, thorough research is crucial.

So, while money is tight I thought it would be a good idea to purchase home warranties for our 3 homes (10 individual units in total because of attached granny units and subdividing).  

I own 1 profitable rental property and I am retired, keep separate records on my rental property.According to IRS guidance it states:  "If an interest in real estate fails to satisfy all the requirements of the safe harbor, it may still be treated as a trade or business for purposes of the section 199A deduction if it otherwise meets the definition of a trade or business in the section 199A regulations."

The shareholder of the S-corp was required to treat his salary as active income subject to SE tax.

I contacted a title company to officially record the sale, but they are requiring 3 separate closings (and tons of extra fees) because there will be 3 liens/private mortgages recorded (one is the original mortgage that I want to reassign since the interest rate was very low; the second will be held by my son to my daughter for his portion of the equity in the home; and the third is the difference which will be between my daughter and my other LLC). 

Conventional lenders will require 12 months on a cash out refinance while DSCR lenders do not have a seasoning requirement. 

I recently joined because I want to network with likeminded individuals in L.A.