I'd specifically ask why it is being treated as a third party sale since the LLCs members are you and your wife.

Hi everyone, I'm a long time reader yet this is my first posting in these wonderful forums.In the scenario of a single member LLC owed, owner occupied and self-managed multifamily building, is it best practice to be paid from the LLC for self-managed expenses/labor?

I believe we are entitled to a new lease with way stronger terms based on the expiration of this lease and the sale that happened last year. 

Wonderful family paid on time always and we sympathize with the needs of the kids.

Purchase price: $110,000 Cash invested: $30,000 Sale price: $195,000 This project was fully OPM.

I found it while listing one of my current rentals for sale.

So I was wondering if any of these ideas would work or what the cons to it would be. 

I do wonder how quickly those 150-ish permits in the north will get snapped up. 

Oopsies in retirement are harder to recover from.One other option (either with 1031 sales or not) would be to sell your primary and take that exclusion tax-free. 

Greetings,Here is an update on the current National Commercial Office Real Estate Market in The United States of America as of March 10, 2024:In the challenging landscape of U.S. office sales, a potential bright spot is that sales activity may have reached the cycle low.