If both LLC members are guarantors, is the member being bought out expecting their guaranteed requirements to be eliminated? 

You can set up a process that attempts to eliminate applicants that are high in entitlement, you can check references.

But with our tax guy retiring this year, I'm thinking it's probably a good idea to bring one on eventually, someone that can advise more thoroughly on this and other issues as well as file taxes.I still wonder if filing seperately could eliminate some of the headache we have with his ex.

@Zeni Kharel As a high-income earner, your priority should be to first eliminate guaranteed losses (like high-interest debt), then layer in contributions to accounts that give you the strongest tax advantages.

Lower LTV** improves your debt-to-income for future acquisitionsExample from a BP member I helped last week:- Denver rental purchased January 2023: $425,000- Current value: $455,000 (7% appreciation)- Current LTV: 81.3%- Extra payment needed: $7,400- Monthly PMI eliminated: $195- Cash-on-cash return improvement: 2.8 percentage pointsThe Step-by-Step ProcessWeek 1: Analysis- Pull your current mortgage balance- Get realistic property valuation (not Zillow - use recent sold comps)- Calculate exact LTV- Determine gap to 80%Week 2: Decision- Compare ROI of PMI removal vs other investments- Check if you have the liquidity- Consider tax implicationsWeek 3-4: Execution- Contact loan servicer IN WRITING- Request PMI removal requirements- Make lump sum payment if needed- Order appraisal if required ($400-600)Week 5-8: Follow-up- Weekly check-ins with servicer- Confirm PMI removal on statement- Redirect savings to next investmentImportant Reminders for September 20251.

When we're gone, the next generation can get a step up cost basis and also eliminate all the depreciation recapture. 

The interest rate is at 3% on the home and doing a cash out refi would eliminate that low interest rate.

They've already been moving more in this direction with requiring more flexible cancelation policies, eliminating the split fee structure later this year, etc. 

Also, minimizing risk and eliminating risk are not the same thing.

In a declining market instead of lowering your prices why not eliminate the HOA as that would be very attractive to buyers