My partner and I bought two duplex's with cash in Milwaukee and complete the transaction as an LLC. We would like to get out cash from the properties now but are having the following issue:
1.) Conventional loans not...

I am not sure what state you are in but this is one option:Joint tenancy with right of survivorshipWhen title is held in joint tenancy with right of survivorship, all co-owners must take title at the same time; they own equal shares and the surviving co-owner winds up owning the entire property.

If you don't delead within 90 days, you can be held liable for any lead poisonings that have ever happened at the building, even if it was before you owned it... and even after you delead it you would still be liable for previous issues because you didn't do it in the 90 day deadline.

Purchase price: $315,000 Cash invested: $110,000 Sale price: $550,000 Asset was owned and ran by a mom & pop who held it as their 1st investment.

Purchase price: $315,000 Cash invested: $110,000 Sale price: $550,000 My partner and I held it for 16 months and in that time we took the average rent from $415 per unit up to $650 plus $25 water bill back.

If you make a good faith effort to mitigate and cannot relet, your current tenant is most likely going to be held liable for the remaining rent.

(BAD)                                                                                             I have had success flipping several homes and held a few renovations as annual rentals for 10-13 years until they paid for themselves and created an income stream.

And the insurance money is often held by the insurance company until there is a rebuild contract. 

Very common misconception.As the other posts I've referenced have said, if you want the limited liability protection of the LLC, you need "everything" to be held by the LLC. 

Wondering if we should have held out of course for a better deal.... we will be out a down payment and rehab money at the end of this (~25k all cash).