However, I imagine many investors would not fall under that category and we would end up with a more traditional transaction, (including closing etc) which would make forming the LLC of little or no benefit.However since I am looking to partner with passive investors, it may still be worthwhile to form an LLC for each investment as a way of legally protecting both partners and for ease of funds distribution.Has anyone else Purchased or Sold a property that was held in an LLC?

But if you don't have any hiccups, it might be worthwhile for you.

(To link to a few, Article 1. http://www.biggerpockets.com/renewsblog/2013/08/17/rental-properties-llc/ + Article 2. http://www.biggerpockets.com/renewsblog/2010/07/11/are-you-afraid-of-the-due-on-sale-clause/ + other various forum threads here + other sites, etc.) and am still undecided because of the following:- Based on the Pros vs Cons of an LLC and my situation, is it really worthwhile to form an LLC?

I hope that BP has an economist who can chime in on this.It would probably be worthwhile for you to perform a "back-of-the-envelope" calculation of the percentage that you pay in taxes after all of your deductions have been accounted for.

At first thought you would think a previous landlord's reference would be worthwhile but in many cases if the tenant is moving there is a reason and the previous landlord may WANT them out and would be willing to do WHATEVER e.g. say anything to get them to agree to move, right?

Depending on how much your portion of the investment is, may be the determining factor of whether a cost seg study (accelerating depreciation) would be worthwhile.

At least not enough to make it worthwhile given the risk.

Whether $100 or $200 or $300 per door is worthwhile is completely dependent on the purchase price of the property.

I will look for those books.Sounds like they are worthwhile reading.

A property manager can provide you with the rest and between them you should be able to develop a plan to either sell the properties or how you can improve the return to make it worthwhile keeping them.