More specific to the second half of your post, keep in mind possessing an LLC and a business bank account aren't necessarily marketable to a partnership unless the bank account has liquidity and/or the LLC already owns assets that can be contributed.

Sending DM as I can't post the link here.  

Originally posted by @Wesley W.

@Anna BrownYou recently created a post about raising capital for your real estate investments.If you work with a CPA - you want to work with a professional who understands debt and equity agreements with investors and what you are responsible for doing.There are a couple of CPA's within Biggerpockets.

Plus, your friend already told you he wasn't impressed.In the future, try searching past forum posts to begin your search for feedback!

.- Post auction;   paid for a BPO (broker price opinion) and the value is far lower then my total costs (the credit bid),== Tax filing Questions start here.- How do I treat the loss in value between the new lower FMV vs my costs (the credit bid)??

The bank will do an appraisal based off the ARV, so that way the numbers are already known up front and generally, minimal surprises.As mentioned in my original post, the goal is to create equity,  and get your DP back out through a refi (and still leave equity in the property) and still have a cash flowing rental property. 

Originally posted by @Christian Walker:@Jerryll NoordenThank you.

Thanks for your post.

I simply want to sell it for the value of the land at this point.I was answering Michael's question and I posted this because this is the real estate I'm involved in and I wanted to share with the community.