@Anthony MurphyI must have misread your post as saying Mexico Beach and I just reread it and realized you weren’t talking about my home town of Mexico Beach, FL Please disregard my responses above as I was referring to my home town. ;)

Also for tax reporting purposes, the LLC is disregarded and it goes on your Sch E. 

I would make sure to get payment history from each, and also discount, or even in some cases disregard newly occupied units, especially if they have poor payment history.

Whether or not the transaction will be respected depends on how the LLC is tax...e.g. disregarded entity, partnership, S Corp, etc.It's a valid strategy to sell the raw law to a development entity. 

If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.

We haven't had any big change in scope, sold/purchased maybe 6 properties over the last 4 years but they fell under our existing LLCs, most of which are considered 'disregarded". 

IRS disregarded entity), State of incorporation, and States you are operating rentals in you may not even be required to file an LLC tax return. ...

In my opinion, it's much better to find a property that is profitable out-the-gate and seeing the tax benefit as more of a secondary benefit.For the pass through entity bit, a single-member LLC is actually a "disregarded entity".

As for the last post by Jeremy H, disregard that, that is uncalled for, everyone makes bad deals.

It is the change in tax structure from an S-Corporation to a disregarded entity (what an LLC wholly owned by you would be for tax purposes).