Accounting is consolidated and you can elect that treatment for tax purposes.

It was being sold by an investor looking to consolidate debt.

The City has zoned the subject property and the other properties on that block as "medium density" town houses or apartment buildings.The City prefers someone to purchase the block as consolidation of land ownership/land assembly.The other owners on that block are not selling at this time, just the owner of the subject property.Should I try to lock up the subject property and wholesale it to a developer who will later purchase the whole block for future development?

Hopefully you'd be able to raise rents as well in that kind of inflationary environment, but it's best to not make that assumption, as economic conditions may be much worse as well, leading to higher unemployment, household consolidations, and pressure on Section 8 subsidies.The low fees look very appealing.

But only in the consolidation of your financials.

MOD: Threads have been consolidated and the second one removed.

Or should I try to consolidate everything in a larger lease that would have a more "legal" feel.

To some degree it helps consolidate some information that you may have to find in county records otherwise, but the comps aren't really any more helpful than Zillow's or Trulia's.

Multiple Assets and Fractional InterestsThe 1031 Exchange allows you to easily reposition, diversify or consolidate your investment real estate portfolios. 

The question is, we would like to start an LLC for our properties, but we don't know if we could consolidate the other properties into the LLC when we form it without too much additional costs.Is it possible?