This is incorrect tax advice. 

You incorrectly used "tenant" in your original post instead of "borrower."

i think it is 3 per property relinquished  but maybe I am incorrect since its all one exchange?

I've seen too many people get burnt by comping flips incorrectly in Baltimore.

They don’t get reports on time, if ever and the info isn’t put in correctly.  

@Immanuel SiberoundefinedThere is really no correct or incorrect formula.

I still think it’s silly since, at least in my area, agents listing investment properties usually have incorrect or missing info on the listing partially because they don’t take the time because the commission is so low, I think.So, it’s going to be tough to find an agent that will basically “show themselves” the property to gather all that info for you, any other general perspectives on the property and not be worried about you potentially getting pissed over a misrepresentation issue.

I think people think about these costs incorrectly.

I also realize based on your questions that I responded to one of the original questions incorrectly - my mistake! 

What is the point of getting an LLC that you think will give you asset protection when in reality is giving you no asset protection because you are treating it incorrectly.