Last-minute trips are rare but can be avoided with a trusted local contact handling issues promptly.

Hey Becky,When you sell the property, the LLC will still technically own the property until it is formally restructured, so you will need to amend the LLC’s operating agreement and update its ownership structure to reflect the change, ensuring the absent partner’s interests are properly dissolved, and taxes are handled accordingly.

Yes, when bad things happen its a great time to be look at how you planned and prepped to be able to handle those things and feel GOOD that you were able to manage things such that they are turning out BETTER than you planned for on average.

While trades are done relatively quickly today, and therefor the average transaction fee hovers around $2 per exchange, a few months back when bitcoin was all the rage there were too many trades for the system to handle which pushed the average transaction cost close to $40 per trade. 

Does tenant need to handle the small amount of landscaping outside of parking lot, for instance?  

My approach was to partner with a GC, so he handles the rehab estimates with his years of experience.Another option is to read J Scott’s book on estimating rehab costs.I've heard a lot about this book.

Having your calendar sync up between all is where a PMS comes in beautifully and OwnerRez is sou-to-nuts that best one out there.We went from one property to three within two years and the platform handles things wonderfully.The UI/UX utterly blows but the functionality is second to none. 

Discuss with your CPA how to handle the 800 CA fee for each LLC you create.This post does not create a CPA-Client relationship.

Quote from @Bruce Woodruff: I would have handled it pretty much exactly as you did, Chris.

Also, my kids don't want to manage the rentals that I have now, but they could handle the Florida condo hotels.Thanks for your replys.