This forum is far better than most books if you are talking to the right people.Once you get the basics down and practice them to perfection it’s not hard to take off and grow your REI portfolio.

I think if you set up a brokerage account with the same bank that your business checking account for the LLC is at, you can simply move the money from the checking account into the brokerage account and then purchase something. like USFR, which pays 5.4% in T bills with zero risk of loss or BKN which pays 5.7% in tax free Municipal bonds if able to tolerate some risk (this gives me a >9% tax effective rate on my cash).

You will have to pay tax on the depreciation recapture and gain on sale (if applicable).

So I figured I paid the mortgage off.4.

My cpa Says no tax because it was heirship.  

Great money for those who work hard doing private deals and then also gives you insights for off market deals and distressed deals. 

The original lease from the owner who owned it at the time it was installed had hand writing on it for payments that increased per 5 year term is what it looked like if I recall correctly.

@Michael ClarkI recommend finding an accountant who specializes in real estate taxation and tax planning.

She reached out to me and asking if I can waive the late charges because she laid off and looking for a new job and she doesn't have the rent for now and no time frame to pay the rent.My answer was no and I offered her to pay what she owes and move out immediately before I start the eviction process.

For example, I can give you a deed to a property for $1 and NOT pay off the mortgage.