.- The electrical panels were all Federal Pacific, which are junk and need to replaced:- The roof was a flat roof (which we obviously knew), but the torch down wasn't properly installed (we had a roof inspector look at it) and so it would probably only last another 5-10 years.- All the patio doors were aluminum and some had broken panes that were letting in moisture- There were consistent tenant complaints about the utilities.

Which means you’re causing yourself to be on the back burner. 2) your LO is delaying contacting you or submitting the information you gave him. 3) with the recent government shutdown, it’s possible the the federal department that processes your special type of loan was shutdown.

IF that is an old Federal Pacific box it would /should be gone as of yesterday They had a issue of not tripping and instead causing fires. 

I would have thought it was a capital improvement as well but I have been getting conflicting messages about tax relief for federally declared natural disaster zones and the property is located in one (Hurricane Irma).

You "Do Not" want to run afoul of any Securities laws, either State or Federal. 

It's the state community property law that may require some massaging.As far as contribution into an LLC I don't see a reason again from a federal perspective why your wife couldn't sell the property 1031 and then purchase the property. 

You may also be required to file a non-resident state tax return with Alabama.Filing a NY tax return is more difficult than it was in years past as NY is not following many of the federal tax laws.

If so a base fee of $600 for a partnership federal and state return sounds very reasonable.As @Brandon Hall mentioned, if the partnership had neither items of income nor items of loss during the tax year, a federal return is generally not required.However, you will generally not be able to avoid a CA Form 568 obligation if the LLC is registered in California, even if it had no activity. 

Federal Regulators tend to hate real estate investors, so they come down heavier on banks that do a lot of work with real estate investors.

South Dakota isn't very restrictive and federal guidelines are vague.