If both properties are in trusts, the trustee is the seller and the title company's only issue should be "does the trustee have the authority to sell the properties, and no indication of fraud". 

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.5.

Issues of family and tenants lead me to believe that whomever  you are dealing with may not have full complete legal authority to sell, otherwise family and tenants would be irrelevant. 

@Yolanda Brown the lady who contacted me from from our housing authority actually made that very clear, and I’d read that before.

I used a 3% conventional loan and leveraged the Colorado Housing and Finance Authority first time homebuyer program to provide an interest free loan to cover down payment and most closing costs.

The gain is outside of the partnership.No gain or loss is recognized by the partnership in this situation. 

They want to know what I am using it for, where is my business, I am I the owner etc...To open in NYC does it depend on the, bank Popular (not fees, not min balance) need a authority for doing business in NYC $260 ( I could have just set the LLC up in NYC.I think the annual fees are still cheaper for NJ $50 year?

@Simon AsrafCalifornia does not recognize series LLCs, so each LLC that is "doing business" in CA will be subject to the $800 fee. 

The taxing authorities look at intent along with consistency.  

There are stories I seen on crime documentaries, where the estate was never probated, taxes were never paid, but too small for the authorities to bother with.