Note, only if the turnkey supplies properties that match your target tenant pool does buying turnkey make sense.

Frequently, C Class properties look great on paper, but the reality does not match up.

Also, do not rely on the rapid increases resulting from COVID; these increases are not sustainable.

It hardly breaks the bank and you could accompany it with an explanation of "unprecedented COVID related labor and parts shortages resulted in untypical repair time on the generator".

Theft and dishonest partners can result in major financial loss.

@Greg ReeseI would consider doing a Refinance / HELOC as you would get access to the cash that you are looking for.HELOC / Refinance is not a taxable income and the cost of a refinance / heloc is much cheaper than selling the house.If you sell the house and purchase a new house, you lose about 15% in value10% on the sale(between seller commissions, title work, etc)5% on the purchase(loan processing fees, title work, etc)A sale is also a taxable event which can result in added taxes(Federal tax, depreciation recapture and state taxes)Best of luck

It sounds like you let things slide, which will result in an unscrupulous tenant acting more a fool.

I am doing this to bring the title up to the living mans name to match the land patent An LLC or any BUSINESS/REAL ESTATE/COMMERCIAL PROPERTY pay property taxes as a TAXPAYER   We are non tax payers so it’s not about the shelter or taxes     

Look at the comps or similar size rental properties and at least match it. 

This would generally result in the distributed value being added to your taxable income and may incur penalties if you are not 59 1/2 or older.