I really like LLCs compared to corporations because of the free stepped up basis for passing property to my children. 

Based on comparable listings recently sold I think closer to $650k there would be more interest.  

Looking to make new connections here.Are you looking for local community banking for lending and real estate related purposes or for personal checking and savings accounts?

The bank does still ask for my tax returns each year and with each deal and my adjusted gross income last year was comparative to your stated cash flow from your rentals.

How would you guys compare Columbus to somewhere like Memphis that has similar price points?

The wholesalers in Philly are comparatively decent in my opinion and there are still deals there.

I second this, if asking for the identification is for the sole purpose of verifying one’s identity then it’s not a violation of the fair housing act, however, if it were to verify someone’s citizenship or something that is not required in order to meet the housing requirements then it could be determined as housing discrimination .Quote from @Steve K.: Quote from @David Spurlock: Hey @Fareen E.

Network with purpose: Surround yourself with people already crushing it in multifamily—mentors and partners will accelerate your growth.

You said: "This seems like an odd strategy - purposefully invest in an asset that loses value, with the hope that it will regain value to save a little on taxes... 

Step 3: Compare build plans / specs to decide what you want to build.