View report*This link comes directly from our calculators, based on information input by the member who posted.

I know for fact the association hate the fact we rent it, and i dont wanna ask them about the LLC directly.

I know for fact the association hate the fact we rent it, and i dont wanna ask them about the LLC directly.

I know for fact the association hate the fact we rent it, and i dont wanna ask them about the LLC directly.

I know for fact the association hate the fact we rent it, and i dont wanna ask them about the LLC directly.

Hi Dale,First, keep in mind that your gain for tax purposes is not how much cash you walk away with, but the selling price less your original purchase price (plus any capital improvements made; no depreciation in this case).If your gain is still more than $250,000, there isn't anything that you can do directly. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi Biggerpockets!

View report*This link comes directly from our calculators, based on information input by the member who posted.

@Denise Munoz if the damage has been repaired its not directly relevant.  

I would have to say "No" and direct them to something like Cozy.Even without an LLC business entity, I wouldn't be comfortable condoning transferring into the personal account and not a business account.