Christian, if you’re already an experienced investor than disregard what I say.I see many new investors fail tremendously simply because they don’t know how to determine value.  

@Gabriel Heath Stine, I assume you are the sole owner of the LLC, and therefore it is a disregarded entity.My wife and I did just this.  

But as you and I discussed that could also be in the form of a disregarded LLC because that does not change the tax return that reports the activity of the property. 

You can save $15k selling two years after making it your primary but only if you disregard your theory that we’re at a peak.

I have historically not look at rent increases or housing appreciation with any certainty and largely disregarded them.  

Single member LLC is disregarded for tax purposes so presumably no reset.

What you choose determines if it is part of your personal return (Sole Proprietorship) or if you need to file a separate return anything else.If you choose a sole proprietorship the LLC can be treated as a disregarded entity.

The process @Chris T. is referring to is creating a "disregarded entity" - an LLC that chooses to be taxed as a sole proprietor. 

Disregard.

@Timothy KeyIf it is a single member LLC, by default it is considered a disregarded entityIf is it a multi-member LLC, by default it is taxed as a partnership.Speak with your accountant to see if you want it taxed as a corporation.Again speak with your accountant to see if makes sense to make the election to be taxed as an C-corporation.