. § 14-11-702, which reads as follws: (b) Without excluding other activities which may not constitute transacting business in this state, a foreign limited liability company shall not be considered to be transacting business in this state, for the purpose of qualification under this chapter, solely by reason of carrying on in this state any one or more of the following activities: (1) Maintaining or defending any action or administrative or arbitration proceeding or effecting the settlement thereof or the settlement of claims or disputes; (2) Holding meetings of its managers, members, or other owners or carrying on other activities concerning its internal affairs; (3) Maintaining bank accounts, share accounts in savings and loan associations, custodial or agency arrangements with a bank or trust company, or stock or bond brokerage accounts; (4) Maintaining offices or agencies for the transfer, exchange, and registration of membership or other ownership interests in it or appointing and maintaining trustees or depositaries with relation to such interests; (5) Effecting sales through independent contractors; (6) Soliciting or procuring orders, whether by mail or through employees or agents or otherwise, where such orders require acceptance outside this state before becoming binding contracts and where such contracts do not involve any local performance other than delivery and installation; (7) Making loans or creating or acquiring evidences of debt, mortgages, or liens on real or personal property or recording the same; (8) Securing or collecting debts or enforcing any rights in property securing the same; (9) Owning, without more, real or personal property; (10) Conducting an isolated transaction not in the course of a number of repeated transactions of a like nature; (11) Effecting transactions in interstate or foreign commerce; (12) Serving as trustee, executor, administrator, or guardian, or in like fiduciary capacity, where permitted so to serve by the laws of this state; or (13) Owning directly or indirectly an interest in or controlling directly or indirectly another person organized under the laws of or transacting business within this state.Good luck!

Patrick Philip Some are due for a 1031.

Exchange students?

I paid $310 and it's now worth about $420 without the lot-- so I could make a bit of $ and keep the lot (now worth $90K)Here are my choices:1) Sell house pay capital gains (25%) and pay down other RE debt or use that cash to build new rental on lot next door.2) Sell house and do 1031 exchange into another investment property in better shape.3) Scrape house and build triplex. 

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchange "doc" with "pdf" for more options.Here is an example and explanation: https://eforms.com/rental/esto...Some have a lot of legal jargon but this document does not need to be so detailed.

Otherwise 1031 is the next best option. 

Hopefully he learned something from this exchange, and hopefully some of us did too.

I did a 1031 last year - can I sell one of the 1031 properties to do another 1031?

Many of our clients on this side of the business (the side I manage is helping non-accredited clients invest in direct real estate), are clients who have sold their direct real estate holdings and are doing a 1031-exchange into a DST (type of syndication that is 1031-exchangeable). 

Hiring a mentor can solve your problem, as the mentor will have the experience and knowledge to look at a deal and determine whether the price is equitable or not.The operative word here is “hire” - you’re not looking to barter your time in exchange for your mentor’s knowledge.