Advice and counsel sought!!!!

[Louis Fuqua]

I have 2 MF rental properties that I've had for 10+ years and there are mortgages associated with each property. Both properties are currently titled to me and I am the borrower on the mortgages. I would like to outright sell each property to it's own separate LLC, that I'll be a 1/3 owner in, and use the proceeds of the sale to pay off the mortgages that are in my name.

The reason for this is threefold:
1. I want to remove the debt of these mortgages from my SSN.
2. I want the risk of owning the properties to be housed 100% in the new LLCs.
3. I would like to cash out.

Should I continue with the approach I'm considering above or is there another option you think will work here? Thanks.