Since we are selling it to the LLC and/or transfering it (as a capital contribution) Would basis be FMV or adjusted basis considering depreceiation? 

I am interested in similar titles, books that are almost like manuals and a very applicable when it comes to multi-family investing.

To have an offer accepted, one may need to adjust their Desired Profit; however, it should not be below $20,000, or what one feels is acceptable.

There are workarounds which would require your accountant to understand and possibly make some year end adjustments but it (QB) could be made to work how you want.

Shoot for 20 and adjust as you go.

I have to adjust the profit in order for the purchase price to change.

Option 1) Include the water and sewer in the rent and adjust the rent accordingly.  

Then you could ask them directly if being tenanted affects their willingness to buy, and whether they expect a discount (or are prepared to pay a premium) to inherit tenants.You would then be in a better position to adjust your own Offer price accordingly.

Are you suggesting that you should never adjust your numbers, even to compete in a competitive market?

That way if you do find something major like a bad foundation you have a chance of getting them to make an adjustment.