However you'd be out the LLC filing fees in the latter situation, so the LLC would appear to be disadvantageous if viewed solely through the lens of income tax compliance.If you're looking to avoid tax I'd suggest you read up on a "like-kind exchange" aka a "1031 exchange". 

You could look at 1031 exchange if you wants to get out of any the properties in California. 

I'd wager the major VA colleges -- VT, UVA, VCU, etc -- are well saturated with investors.

I will call today and discuss this with them as they will have to exchange that unit. 

I might even be able to get away with a slightly lower bid on the property in exchange for a chance at a higher payout in the future.My initial concern is that their cut might have to be cost prohibitively high in order to be appealing.

I thought it sounded like a property management nightmare until I learned that the current property manager just gets to live in the house for free, and in exchange he keeps the units filled and does most of the needed repairs.Any advice on whether or not to do this deal?

Hi BP Friends,I'm doing my first 1031 Exchange, and I need some simple help from those of you with experience.The house I'm selling was titled in my name.   

If you have a need for assistance with anything (driving for dollars, running numbers, organizing data, manual labor, etc), I would love the chance to help out in exchange for just being around the process.I am located near downtown Fort Worth, TX.

Even if you had them sign 2 copies and hand them one right at that time, they can still claim that never happened.... short of having a notary there....or taking video or pictures as it happens..... they can claim that the event/exchange never happened.An email receipt is the most reasonable way......and hardcore would to have it sent via certified mail with a signature

So I would strongly discourage any change of ownership/reporting entities until the exchange is over.