Taxes do get complicated, but that's why we hire professionals to do that work for us.I'm also not sure it's a great idea to have two paid-off rentals.

Every part is a potential source of failure, so removing unnecessary or complex parts increasing reliability. 

Not your fault for the confusion here.Do you think there is some complicated quantum mechanics going on that an average brained person cannot understand cost segregation, or do you think people could get confused because the OP doesn’t have any articulation skills?

Don't over complicate it.

this is really just such a complicated issue when it comes down to it.

A half bath was added to the main by taking out an unnecessary side door and using the hallway. 

@Colin Williams owner carry financing in a 1031 exchange gets complicated.

They are a bit more complicated and you will need to make sure your title company is okay with doing it.

That done, I had the heart operation, only to have complications that required a pacemaker!

These corporate formalities are sometimes listed in an LLC Agreement, and almost always a requirement of any lender who is lending to the LLC.Liability can be further complicated if the lender requires one or more member to provide a full guarantee or a bad-boy guarantee.