LLCs are normal for CRE, so you divvy up the ownership interest how you and your capital partner(s) see fit.What's your specific question? 

How much does it cost to buy down rate per %?

Do you have any recommendations?

How did you handle it?

Third, do you have a lot of equity?

Before going get the list, what you think its worth and see what people buy it for. 

I can do the parade of horribles for a personally owned rental property but suffice it to say that it is a long and robust parade and the horribles are horrible.

Would your parents consider selling to you or your siblings at a favorable price instead of gifting it?

I know when i travel to hotels ( which is almost every month) I check for coffee pods and will choose hotel that has them  then i bring my own pods LOL  unless its a real high end hotel and they have the ultra coffee makers  do your cleaners know how to clean the water repository on a Keurig?

Buy a quality property, stay away from the hood, rehab it as if you would move in, take your time picking a tenant, you'll be find.