Getting right to the purpose of my post, with all the relevant context: I’m 52 and living near Seattle.

I had a feeling something was going to go wrong when Jorge started to open up all these other Funds...to many irons in the fire I guess. 

But I noted that places like North Tonawanda as @Pravit Jarriyapurttipong mentioned are actually outside of Erie County, it's in Niagara County, which follows the stricter landlord laws as New York State... https://ag.ny.gov/sites/default/files/changes-in-nys-rent-la...Would you recommend sticking to Erie County boundaries for this purpose?

But when it's equity gains, no tax, only at time of sale and if you 1031 Uncle Sam let's you continue to use that tax-$ for investing purposes.

If so, what’s the purpose of that holding company, assuming anonymity is not a priority?

If you are passive in those rentals (not real estate professional for tax purposes which requires 750 hours of real estate), and your Modified Adjusted gross income is over $150,000, then the cost seg is not actually going to save you any taxes. 

It does however give you a degree of independence to choose what you want to do.As your portfolio grows you'll also feel the weight of future capex responsibility more, which ironically points you to growing more cash flow through more real estate.The other issue is that you are chasing a moving goalpost.

I wrote the above for informational purposes.

Most purposes that people on the BP forums are transferring properties to an LLC, would be exempt of the Due On Sale Clause.

@William J Anderson with anything, you'll probably want a summary/overview report and then another for a deep dive as needed.You'll want the summary report to be your go-to, preferrably showing month-by-month for comparison purposes.