You will be exempt from 1/4th of the gain up to the limits of the sec 121 exclusion assuming that all units are identical and your accountant set up the depreciation schedules with those equal allocations.2.

These houses were built by a company and are all on its own private street and pretty much identical to each other.  

It would be hard to prove that you are treating the asset and the LLC as a separate entity, thus benefit from its separate identity.  

Here is my latest dealDuplex 2 bd - 1 bth identical 1500 sqft 2 garage hardwood and vinylBuilt 1961Rent 800 moCentral coolingHeating forced air1200 sqft basement unfinishedBoth units Currently occupiedSeller Asking price is 135,000Doesn't need much repair maybe cosmetics How much would you offer?

Some people make good landlords, some don't, identity that.

It will not keep their identity secret.  

I understand that the property will still be covered by my personal liabilty insurance, but I would like to move the other business aspects into a separate business identity.

In the body clearly reference the clause it is modifying and the actual words used should be similiar if not identical as in the original purchase and sales, just with a different closing company.Who is holding the hand money/earnest money?

Acquiring property management companies these days is a challenge and you will find out that even if you have a large check book, you are essentially buying someone's identity and future (in their eyes). 

One of 10-50 identical ones in a group?