A little back story on the place, it was originally part of a church monastery and subsequently converted into 3 condos.

Subsequently, you want to write where this is and maybe someone with knowledge of that state can give you more info. 

It’s interesting that you use the tax bill as a cause for the recession NOT to hit - many people blame the tax bill and subsequent increase in rates as an indicator that prices WILL drop 

It is scary how many people jump in at the peak thinking it can never go down though, they cry all the way to the bottom of the slide about how it isn't their fault and everyone else is to blame. 

That's awesome as with past studies on the subject of success in a field, the first step is always the hardest and then from there with experience and knowledge everything gets subsequently easier. 

Multi family on Albany Street went onto the market at 298k, had a bidding war and subsequently and accepted offer at 340k.

. -1000 to the resident manager-500 to maintenance guy-600 taxesOur issue right now is that the previous landlords let the tenants slide on rent sometimes.

I read that when transferring to the LLC, the Insurance subsequently has to be put in the name of the LLC and this is how the Lender finds out. 

@Shefali Rai, your accountant will document your sale and subsequent purchases. 

I would strongly advise against getting the loan originated in your name, and then transferring it subsequently to the LLC.