I dont want to detract from @Sean Bramble 's thread, but when I am looking at land for development or evaluatiing an exisiting STR the zoning is key and determines a lot of what can be done while you own it (ex: OOSTR vs NOOSTR) and how that effects the exit of the asset (commercial can get 20-35% higher sale as the STR license can convey)R6, R10, RM-20, RM-40, SP, OR20, OR40 etc etc ... all of these zonings impact the possible build on the front end and 100% impact the disposition on the back end..

The original owner's only realistic protection before selling to you was either withholding shares in the LLC and constructing disposition of assets in such a way that they would have to sign off, or securing a first position lien against each property.

Is there a disposition fee?

., the money from the relinquished property's disposition).

@Philip L hewitson This is if you decide to through with the windows: if your CPA does a cost segregation study for your property, you would get partial disposition for every window you replace.

🤗I'm just curious other than for the disposition strategy purposes, is there any other reason(s) you are thinking of separating the leases?

What is the ultimate disposition of your acquired properties?

They are Honest and have great positive dispositions!

- Do they provide a Perpetual Cost Segregation Evergreen Annual Review to find annual expenses from dispositions, additions, favorable changes in tax laws while also using the changes to drive lower insurance and property tax premium?

It's possible upon disposition you'll make some money in appreciation, but not likely on the cash flow due to high taxes and high assessments and/or special assessments.