Quote from @Troy Smith: I bought my first investment property under an LLC this year.

So much wrong with this.. but hey got to hand to the guys coming up with all these new little tricks to sell to folks.. just like in the gold rush it was the hardware stores that made a killing not the miners. i agree... sent you a dm

Exactly Tom all of my sub to over the years have been deals were we got the assets for far below market did rehab and resold generally within 9 to 12 months we never bought them to keep as rentals.

In fact, according to the Federal Housing Finance Agency (FHFA), over the past five years, home prices nationwide have risen by 57.4% (see map below):This appreciation means your house is likely worth much more now than when you first bought it.2.

The current owner bought it for $30K and I know they had to clean up a lot of title work and started doing repairs. 

And if you bought this property several years ago, then you probably already have a killer rate, so suggestions to refinance seem silly as you probably already have the lowest rate....especially if your refinance was completed as you were an owner occupant, and not categorized as an investor to a Lender.In terms of tax implications, again, it depends on what your ultimate goal is, but if you placed this into a trust, or even a beneficiary deed, it would pass through to a beneficiary who would not have to pay capital gains on it in order to sell it. 

I own 4 two/three flats bought between 2013 and 2020 in Forest Park, Illinois, at low interest rates and prices in 200000's  They cash flow nicely and prices have increased a lot. 

(I have $80K left on mortgage)My newest property, I bought this year for $125K, I put $60K into it but with a HML, so cash out of pocket was about $20K, I just refinanced it and am putting up for rent for $1800, my PITI is $1600.

Partner and I bought our first STR in Western NC.

My husband lived there for three with me before we bought a house together.