Now regarding the delay in county recording... is that for property card updates or recordings?

Hi folks, an update on the place I've been looking at.  

As LLC owned properties need corporate property insurance, what companies offer best coverage, value and service?

Hi Michael, My husband is a realtor, I believe NJ recently updated the contract form, you may need to go through the proper channels. 

Here is how the ROBS 401k business funding arrangement works:A new C-corporation is established.Corporation sponsors a new 401k/PSP.The IRA funds are transferred to a new brokerage account opened for the 401k/PSP.The new real-estate operating company corporation issues stock shares to the 401k/PSP.The real-estate operating company must be an employee of the business and he or she may take a reasonable salary.The business owner's family members may be employees of the business and receive reasonable compensation for their services.To the extent that the corporation generates profits and elects to distribute those profits to the owners of the business, the percentage of the profits associated with the shares held in the 401k/PSP will flow back to the 401k/PSP brokerage account.

Instead, I told him that I would put up the money to fix and update the house in exchange for a portion of the proceeds after the sale.

I am interested to follow your progress on this, it would be great if you could update the thread periodically.K

Others disagree, but you can read those debates here and decide for yourself.Pretty much the only difference you'll have from a tax perspective is that in an LLC you may have an additional deductible expense for maintaining the LLC with the Secretary of State, an additional expense to file a tax return and more formalized bookkeeping and corporate governance duties.PS - I am right up the road from you in Arvada.  

If we can do this and have more flexibility to spend time with our children than our corporate jobs allow for, we’ll be happy campers.

Property needs updating.