Should I start paying the mortgages from the new LLC for draw money out to the members and pay mortgage from our accounts?

Understand the tax implications and advantages of each one.  2) Location & Laws. 

If your goal is lowest payment / maximum cash flow long-term:DSCR lender AFTER stabilization.Once the maintenance and value-add is done and rents increase, a DSCR refi will give you:30-year fixedInterest rates typically lower than bridgeNo tax returns neededThis is usually the best cash-flow play, just not the fastest to close on the front end.4.

Calculate in insurance, property taxes, utilities, and loan interest (unless you're paying cash).   

Is the current owner over-paying for any expenses (See "Expense Comps" below)? 

Tax benefits are limited on doing this type of move, but it is an option and a good one for liability protection. 

The only thing missing is clarity on financing, and that’s normal if you started by paying cash.From the tax side, leverage is usually your friend.

Are they independently wealthy and never intend to have a job or a bank account or pay taxes or apply for benefits?

A contract for purchase satisfies the identification requirements.Just remember that, in order to defer all of the tax, you must purchase at least as much as your net sale ( contract price minus closing costs) and use all of the proceeds (any equity received in your 1031 exchange.

. • Cash-out refinances are helping investors reposition portfolios.Some landlords are using equity to pay off higher-interest debt, consolidate multiple mortgages, or finance renovations that boost rent potential.