The IRS (pub 527) is not very clear (surprise) on this considering how common a scenario it is.Thanks in advance!

Hi @Jennifer Bayhi Gennaro, You can structure the acquisition of the Replacement Property so that you (1) acquire in your individual names as 50/50 tenants in common and then contribute into your own LLC as long as it is considered to be a disregarded LLC. 

We manage all over the country, and we focus on common pain points of investors, and then we refine our business model to make sure no client can every say we caused them similar pain.  

Purchasing the 11 units will give me enough ownership to become the president of the association and reduce common charges.

Common wisdom said that it's past it's heyday, but I'm finding nice pockets surrounded relative suburban stability that are just aching for some investor-inspired beautification. 

I've worked with a self storage developer and they're looking at common sources like local universities, retirement homes, proximity to multi-family properties.  

Adding all things up, I ROUTINELY get to the conclusion that the listing is really worth about half of the asking price...Now I have to imagine that this is how MF selling/buying always is....So my question is, is it common practice to offer half ish of the asking price? 

These seem like a gold mind to me in terms of cash flow, but I see several of them in seemingly good condition languishing on the market for months when more traditional homes in the city are under contract within days.For example, here's one such house I'm looking at that is very common around here:Asking price: $52,000908 sq ft, 2 BR, 1 bathNo garage, small lot, siding/roof are <3 years old and mechanicals are <6 years old. 

Very well maintained and in really great shape.The other two units is owned by a resident whom lives there, and takes care of all the maintenance.All of the maintenance (snow, lawn, common elec, water sewer) is covered by an HOA fee of about $250 per unit.I've discovered that this is an unwarrented property, and there for I wouldn't be able to get typical funding, and would have to look to a private bank or credit union at a higher rate.Basically, If I do move forward with this property.

It's not that common in CA but I don't think there is anything wrong with it.