If it's your first LLC, though, it might be wise to work with an attorney to guide you through the setup process and some basic steps to take afterward.

Now after the fact, he sends us a bill that basically outlines taking care of all the same things the other bit mentioned, but he is  wanting 23K after the fact.  

You can offset the passive losses from one rental against the positive income from another rental.Therefore, you will likely have a net $3,000 loss across all the three rentals which you would carry forward.If your depreciation was more than $3,000, you basically made cash-flow or rental income that was not taxed, which is good.Best of luck

But as I got more experienced I learn less and less from most forum posts are you know most basics already.

They are two different methods and there is a ton of content out there on both.Seller financing - the seller basically becomes the bank.

You are basically building a new home on a piece of land.

It is basically a VA loan and from my experience, you have to purchase as yourself and then change into your LLC after close. 

I have some basic numbers done.

Think the CNA at your local hospital or your kids pre-school teacher.

WTF, are you kidding me?!