It sounds like the trust your mother sold in is a disregarded entity so whether it is the trust, herself, or a single member LLC purchasing, the property will still be reported on her personal return. 

All relinquished properties are grouped under 2 LLCs (they are not disregarded entities), so they will have ownership in the replacement property as Tenants in Common(TIC).

Particularly if you are using disregarded entities for the refinances. 

Some countries tax authorities won’t recognize a disregarded LLC and would only consider a C corporation.

If this number is coming from a quote from your insurance agent, disregard my comment.Same with Real Estate Taxes, if you haven't calculated the tax bill based on your purchase price, you need to.Vacancy seems normal, and might be slightly conservative if this is a single family.  

Maybe you have a manager that charges 7%, in which case, disregard this comment.  

You’re over thinking it….the 1099 net proceeds is simply the total/gross money paid to each of you…..disregarding any cost or expenses….just like gross sales of a business. 

Agreed that it may be a little more work in regards to credit cards, bank accounts but not for the others in my situation, the main reason is that all of my LLCs to date have been formed as *disregarded entities* (i.e. no need for minutes, meetings and all income is simply placed on our 1040).I really hope that all of us would have a .000001% chance of getting sued. 

Yes, SMLLC is disregarded for taxes and the rental activity will be reported in your personal return but not as self-employed. 

For an SMLLC owned by an IRA that is taxed as a disregarded entity, the example and explanations in the link look good except for line 3."