Plain robbery....theres gotta be consequences

Your lease should allow for this payment from the regular rent and the consequences that flow from it.

@Don Spafford I'd speak to a reputable lender or a few of them and get a sense of what is market terms.

I know that Ernesto Puig is one of those reputable, reliable, honest & a nationwide broker for funds!

(not just financial independence)If you are looking to change careers here what you should look for:A job you will like (do the soul-searching time to get this one right, it is worth the time)A job that pays well (see MHI above)A job that is in demandTake at least two career quizzes that are big and reputable and find the jobs your personality type will enjoy (#1) that AVERAGE close to the MHI (#2), and then look at job sites and make sure that are NUMEROUS people looking for people in that career. (#3) You need to satisfy ALL THREE!!!

About the property: 230 doors, 2 pools, 2 club houses, 50% of property is direct golf course frontage, bad reputation in town for being run down, actually is run down and in need of renovation, currently running 22% vacancy as a result.What are we are currently planning:  Training personnel to upholding our business standards, renovating units at a rate of 8-10 days per (based on previous experience), changing the name, new signage, creating actual curb appeal through external paint and landscaping. 

Well California has a reputation for high state income taxes and Texas has...no state income taxes!

You're the accountant, so I'll defer to you on the tax consequences. 

@Mindy JensenProvide a list of names, phone numbers and email addresses of reputable private money lenders.

Please don't take mine or someone elses word on this until you explain your entire story to someone who can truly speak to this.I'm sorry this is as clear as mud, but you need to bring this question to a licensed person that can be properly familiarized with your situation-that way if this gets goofed up for some reason it's not on your head.Tax consequences for Transferring to an LLC:https://legalbeagle.com/13312030-tax-consequences-for-transferring-property-to-a-limited-liability-company.htmlContributions of Property to an LLC:https://www.thetaxadviser.com/issues/2009/oct/contributionsofpropertytoanllc.html#:~:text=General%20Nonrecognition%20Rule,the%20member%20or%20the%20LLC.