In this scenario, each member doesn’t actually own real estate, they own a business (that owns real estate).If that is the case you have two options: 1) The LLC performs the 1031 exchange and continues to achieve the goals of the managers through changes or details added to the operating agreement and subsequently consider dissolving the LLC. 2) You dissolve the LLC and reform as Tenants in Common *prior* to the sale of the property.

I was eyeing the American standard cadet 3 toilets if I was to replacMy suggestion on this one with getting top rents is going to do all that you can do without doing a full flip.

This was for flipping

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The large margin of profits when developing single-family homes and duplexes is significantly more than fix and flips.

Hello everyone, With deciding to start in real estate, my main goal is to create enough equity in the properties I obtain to build a house and buy land  (10-12) years down the line.Though the market always changes, I figured with investing into highly appreciating markets now, the properties I buy will accumulate the equity needed to be able to sell in the future which in turn will lead to the income needed to build and buy land. 

BTW, this is where having a real estate agent is useful as they manage these details and explain them to you so you don't have surprises like this. 

Thanks for advice, yeah it is definitely in the lease for them to change the air filters but believe it or not sometime they are incapable, can't even put it in the right away wrong air flow directions so I may hire someone to replace the air filters every 90 days esp when they have cats the air filters get clogged real fast, thanks!

Hi Ryan, I would definitely talk to a real estate attorney about the complexities and how this LLC structure would work.

I definitely recommend checking some of the real estate meetups in the area (there are plenty to choose from) to start getting connected with people in similar spots and to find resources to help.Happy to answer any questions you might have.