You do not want to mix the entities that are in an LLC.

As if they are this mystical entity that can foresee what you will see your home for.The owner makes the final determination on what to price their house at, not the agent.

As if they are this mystical entity that can foresee what you will see your home for.The owner makes the final determination on what to price their house at, not the agent.

Even though LLC are passthrough entities, (unless c corp) you still want to have that separation since it makes it much cleaner and easier to show expenses for the business. 

These entities do not appear to be set up as self-sustaining independent businesses. 

A lawyer will likely want you to split them up to protect assets, but more so to make some money making entities. 

If I need additional funds, I can give another lender a second mortgage after explaining to them that the first mortgage holds a stronger position.BUT... if you do some paperwork with the state and set up an entity.

If we built one of these spec homes (owned as our company), and then did a 1031 exchange under our personal names, is that viable because the parties are two separate tax entities?

You didn't specify if this were just one entity or you had many entities (i.e. what type of structure you have makes a difference in how they do the accounting) I would budget 2-4 hours a week under one structure & then add if you have multiple bank accounts / structures but not by much - maybe an extra hour to account for having to switch into different accounts / bank accounts.What's the advantage of a local bookkeeper vs virtual?

Is it best to form an LLC entity that owns the property or manages it so that the tenants, including myself, pay the LLC?