However, commercial properties (multi-family included) are often held to higher standards. 

As for the leases, waiting until January 1st can make bookkeeping and tax reporting cleaner since you’re starting fresh for the new year, but transitioning now is fine too, you need to track the date carefully for tax purposes.The mortgages are still personally held unless already in the LLC’s name.

The tax money would be held totally separate in a HYSA. 

If your goal is to sell the house, focus on number sold, if your goal is to be hand held through the process ask for references. 

It is to be held for damages or unpaid bills after the tenant moves out.

They held a webinar for the Ekahi fund and told them they fired the property management, false they quit due to lack of funds.

Tax & Legal ConsiderationsDepreciation Recapture & Capital Gains: Since both properties have been held 20+ years, any cash-out won’t trigger capital gains, but if you sell, consider tax implications.LLC / Holding Structure: If you plan to scale, consider holding new properties under an LLC for liability protection.5.

These days it really pricing it well is what needs to be done for a lot of the properties that are on the market; rental or for sale properties.If you are losing or have lost a lot, the one thing to really know is if you can cashflow while it is held, or is it better to lose a little more for selling for less and cut your losses. 

Yes, this is possible with the right lender and if title is held in LLC. 

It gave me more confidence in the deal overall.The OutcomeThe portfolio is now stabilized and held as long-term rentals.