Before you jump through the hoops and incur the transactional fees of transferring this duplex titled to yourself and wife to an LLC can you articulate the liability exposure risks you believe could impact your personal assets?

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

are these paid subscriptions?

Do most of them include the utilities in the monthly fees?

In January of 2014 he filed an annual report and paid his annual fees.

You'll probably pay fees and it'll be tougher to find a bank that would be willing to pull cash out for reasons other than direct improvements to the property. 

They do say they have a one time fee for debt collection and I suppose negative reporting with a 30 day delay and dispute process. 

It was the roofing scams combined with no cap on attorney fees for small claims. 

If you sell the property (regardless of whom to), you will pay all the fees and transfer taxes associated with that sale - likely thousands of dollars.  

The bright side is I didn't have to pay the $147 fee to dump this load (which was only an $85 fee three years ago but I digress)!