Given the cost of LLCs in certain states and the maintenance/headache required to keep your books in order, there should be a good reason for you to pursue a separate LLC for each property.

Here are some key highlights from the report, which compares January 2025 with January 2024:The median sales price for the greater Austin metro fell 4.7% to $409,765, while the City of Austin saw a 4.7% increase to $553,465.Total sales in the metro rose 1.1%, whereas the city saw a 4% decrease in closed sales, demonstrating continued demand in spite of economic challenges.Pending sales under contract dropped 7.5% in the metro and 1.4% in the City of Austin, suggesting a slight decrease in demand at the start of 2025.Listing inventory increased 16.5% in the metro and 15.5% in the City of Austin, resulting in 5.6 months of available housing inventory in the metro and 6.2 months in the city, approximately one month more than in January 2024.According to the Texas A&M Real Estate Center, a balanced real estate market has around 6.5 months of inventory.

@Dave Foster could probably tell you where the 25% taxed depreciation recapture figures in.

In some states there is no redemption. 

@Jared McCullough, @Jeremy Bohnett, there's a difference between "holding title in" and "loaning to."

I owned my first property in my name, then quit-claim deeded it over to an LLC.

Where are your STRs in NJ?

Any recommendations on attorneys that would have experience in this that could advise and handle the transaction (in Birmingham, AL)Thank you in advance for sharing your experience and wisdom. 

When investing in real estate, the goal is always to maximize returns while minimizing upfront costs.

I have faith in you.