Increased floating-rate interest payments, coupled with climbing utilities and property taxes, have eroded profit margins and negatively affected debt service coverage ratios.As over $250 billion in multifamily loan debt matures in 2024 alone, owners and investors are bracing for a challenging deleveraging cycle.

Thank you  I'm not expert in Real estate, but from a business perspective, if you sell, you'd have to pay capital gains tax.

I have taken into consideration extra repairs that may be needed due to renters.

It's very intuitive and has key functions that I really needed like the ability to quickly categorize transactions into categories that sync with your Schedule E for tax time, the ability to set up accounts for each property and sub accounts for specific things related to each property.

If you're doing it for taxes, call an Real Estate INVESTOR friendly CPA.You could also look at a refi with a smaller bank or credit union.

I am looking to find the optimal tax and legal structure to optimize his situation.

They aren’t calling the note due.

it's not co-mingling if you are just using it strictly for business and paying it out of the business account.And if you do make purchases for personal stuff, just record it as a due from owner and then you reimburse back.I mean it is easier for me to understand it because I am an accountant. lol

@Lyle Cooper I have a situation where the husband pays in cash his half due to having a cash business and the wife pays her half with a check.

Unfortunately It's been a constant stressor due to the anti-landlord culture and laws in the city.