Redoing the titles and warranty deeds for our properties is costing us money I could have avoided if I had known better. 

SELL YOURSELF without being dishonest. 

We each hold a 50% interest in the LLC.The values of each house are approximately the same, and there are no loans or outstanding debts.He wants to cash out so we thought a good strategy might be for us to sell one of the houses, and let him take all of the proceeds, and for me to take full ownership of the other one.Essentially, I am looking to swap my half interest in one of the houses for his half interest and the other one.

totally agree, I sell more deals for Columbus to out of state than the locals because they don't have liquify. even literally real estate agents with all the data at their finger tips there isn't enough motivation to convince them 

Buying an existing place that needs upgrading might be more sensible but it will still cost a lot of dough.Plus the purchase of the catamaran.

Jonathan Klemm might be able to help.He runs Quality Builders, a tech-enabled GC business in Chicago with proprietary technology including tracking and estimating rehab costs.

Example:House rents for $1,500 a month and utilities cost $150 a month.

This will be used for repair cost and down paymentAny advices going forward?

Should this issue be a partial responsibility for their absense while leaking and should we deduct some cost from them?

I looked at the best-case scenario for a rental that I am selling (it's under contract) if a cash buyer bought it and placed it into service at a Rent-O-Meter average price, and the annual yield is 6.33%.