It is easier to get loans, insurance etc and transact under your own name If you were doing this llc transfer because of asset proportion, well, contrary to common belief, the llc does NOT protect the asset, it only isolates it from other assets If you have a home in an llc and you have equity in that home they will go after the equity by suing the llc anyway - even if you don't pay right away they can force the llc to sell and get paid The best way to protect your assets is 1) keep the property in your name or whatever entity name you have currently 2) set up a Wyoming LLC and draft the OA to have several business purposes and Ibe of them should be asset protection 3) capitalize the entity by placing a promissory note equal to the equity you have in the property you are trying to protect 4) record a lien against the property payable to the Wy llc 5) you would have a 1st lien to some bank and the 2nd lien to your Wy llc 6) the llc is tax neutral because it should be a flow through entity back to your living trust Anyone trying to sue you will see that 1) you have insurance 2)you have 2 liens and no equity 3) they will end up settling with your insuranceWhen you sell the house, you simply show the title co.

Now, markets like the Bay Area have to be looked at in isolation.

Probably you can save the cost by isolating the cause.

I created my own P&L in excel, so I can just manually add all the expenses to each property so that I can isolate the profitability of each rental. 

The case law that came after they tried to isolate all of the assets of the different LLCs from the cab company was that if the LLC's were engaged in similar businesses with the same ownership then there were essentially the same company.

If this was a single family that was turned into a duplex this may not be possible as the ducting may not be isolated for each unit.

You might have to isolate systems in the house by disabling features.

Am I SOL?

Now...if you can negotiate a short sale on an isolated property then you don't have as much bidding competition (maybe, sometimes).

Basically isolating noise has a lot of components depending on where it comes from.