I cannot comment on decommissioning as I have never heard of that term in Massachusetts.

Commenting on old topics.  

@Ali Boone your comments are right in line with what I was thinking.

@Jake Walroth , read Marcia's comment above. 

Other comments are good in that, I'd never keep something that doesn't cash flow so if your long term plan is to buy more properties, and you have equity here, better to sell and put the month into a multi family that cash flows.

Also if anyone has any advice for the new guy please fell free to leave a comment.

The death comment may be something worth adding to the lease, for example: if tenant is deceased prior to year end lease x dollars will be returned to payee?

I keep an eye on the numbers to make sure they work and hopefully a few years down will see the fruits of my labors.Thanks for the comments.

Any advice or comments would be greatly appreciated!

@Jim Carson, I'm in the process of rearranging my corporate structure as well.My local Indy corporate attorney advised against using the series LLC option since it's brand new to our State and there is no precedent yet with them to see if they stand up in court as expected.For me, this is the way I'm leaning:Convert my S Corp to a C Corp as the holding or management company, then use LLC or Land Trust for each property or set of properties that is then all held by my Living Trust.As far as the comment above about having your CPA setup your LLC structure - I've always been a firm believer of paying the right professional for the job...I'll gladly pay more now to the attorney to setup my LLC vs. saving a few bucks to have my CPA [bean counter] do it [unless the CPA is also a real estate attorney] - just my two cents...