At 6% appreciation, which I think is reasonable in this neighborhood, IRR moves to 25%.Option 4) Hold on to all properties by saving $3k/month of W2 income and refinancing in a few years if interest rates decline -- Pros: Maintains entire portfolio.

Hey Jamie,It's great to hear that your family LLC has been steadily growing and maintaining a strong portfolio.

Hardwoods are beautiful if well maintained, but I have yet to meet a tenant who really cares about the maintenance aspect of wood floors.

I originally bought this 40 unit apartment complex in 2021 in Nw huntsville, Alabama and since then we've maintained a sub 10% vacancy rate year over year.

Consider starting with a smaller investment in the new market while maintaining your El Paso holdings.

This is typically a requirement for maintaining good standing.Record Keeping: Maintain meticulous records for each LLC, including operating agreements, minutes of meetings, and financial records.You should probably consult with a CPA or attorney just to make sure you meet all compliance guidelines.

This proactive approach helps maintain the property’s value and keeps tenants happy.Informed Decision-Making: When you have a good grasp of how things work, you’re better equipped to evaluate the quality and necessity of work done by contractors.

This prevents me from purchasing and maintaining bikes & golf carts so I see it as a way to save money and give guests a better experience. 

You will still end up paying the current rate, but you will maintain your prop 13 discount.  

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.