If you’re tackling major work like a full bathroom gut, expect it to stretch out, but with a solid plan, you'll stay organized and avoid delays.

However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.

You can open a business bank account, sign contracts, and handle expenses under the company’s name, keeping everything clean and organized.

Which is why I think focusing on one thing at a time vs to many will help me stay organized.

It's critical to do your research and determine which platform is best suited for marketing yourself or your organization as a landlord.

Donate the Property: Donating the property to a qualified charitable organization can provide you with a charitable deduction equal to the property’s fair market value and eliminate capital gains taxes.Implementing these strategies requires careful planning and consideration of your specific financial situation.

It may also help keep the litigation target off your back.As always, check with your competent legal counsel--not all attorneys speak fluent "trust function and formation".

@Aubrey Adams-Thanks for the post / question -I would recommend developing a hypothetical plan  ( purchase price / loan amt needed ) and get pre approved ..this process is free and it will help get you organized and also to educate you  in many ways ..if you never end up buying - no worries and no costs have been wasted 

For instance, I'd buy any functional house for the price of infinity, if I could only pay $100/mo for perpetuity. 

Much too large of an organization and staff are not the most helpful.