The attorneys I have worked with when buying a large apartment complex have all recommend one LLC for holding the property and one for managing it.  

If it provides a nice return on investment and you plan to hold it for a long while, then it makes sense.

My feedback based on what I would do is hold the house. 

But it’s a risk you need to be aware of.What I’d Recommend for Asset Protection & Financing•If you’re worried about the due-on-sale risk, keep the rental in your name for now and hold off on transferring to an LLC until:•You refinance into a commercial or portfolio loan that allows for LLC ownership.

It also helps to show them the amount of interest they can get when they add up 30 years of payments (compared to the sales price). 

The issue is our land value is high, so the structure value is low compared to the overall property cost. 

We decided to quit buying rentals to hold, and instead, the units that we typically would rehab and hold, we are going to rehab and sell.

In NYC trying to compare like properties and eliminating co - op debt, co-ops will sell for 60% to 200% of a comparable condo.  

I’ve been in the real estate business for almost three years now and have completed five deals: one buy-and-hold long-term rental, one short-term rental, and three fix-and-flip projects, for which I helped raise capital.

Investment Info:Small multi-family (2-4 units) buy & hold investment.