Quote from @Emily Gowen: I only recommend investors sell when they can move the money to a better-performing investment or when the sale moves them closer to a specific goal.

The proceeds from the sale will probably go toward rehabbing Lot 2 and sell it for more.

@Jared CarpenterPhoenix is a strong market for home sales and the competition has been pretty strong for the last few years now as the markets have recovered greatly from 5-6 years ago.

REI websites that offer sales data usually offer market rents when you switch to the rents option.

By predatory investment, I mean to imply that there is a power issue at work here.  

After diligent searching there are ZERO duplexes for sale within an hours drive of my work place.

It also expands your opportunities, as there just isn't a lot of small MF for sale in these areas. 

You can later transfer the property to the LLC, but be aware it might trigger due-on-sale clauses or additional costs.

You will need to justify the sale price of those assets to the new owner at their then current value on your books.It is a big hassle to do this, but it can make you a lot of money if you do it right and are careful in your record keeping.

Best wishes on the sale!