I am going to a sherriff sale on Tuesday and I plan on purchasing a property. Some friends of mine (married couple) want to get in on the deal. I have an LLC that I just started up about a month ago that holds no properties yet. How can I set this deal up? If I win the home at the auction do I put it right into the LLC name or my name or their name? What about depreciation and write offs who gets the tax advantages?