I'd suggest that there is essentially no tax implication for this as compared to your alternatives.

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

They might be fine managing new construction, but I have seem MANY investors almost tank from their fee schedule on managing older homes...i would compare it to almost predatory practice.

Take a look at the pictures, is it higher, lower, middle quality compared to yours.

Sure, it took almost 10 years to retire, but compared to the 30-40 year plan most people use it was a dream come true.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Out of my 32 properties, I’ve seen insurance rates drop by up to 40% on renewals, and property tax increases are finally slowing down compared to the crazy jumps we saw over the last five years.

Other than that, it is really a light doc loan with not many strings attached compared to a conventional mortgage.

The first pieces (literacy, metrics) and the following ones noted above are pretty straightforward.

Diversification into multifamily also lowers risk compared to a single rental, as vacancies won’t affect your income as drastically.3.