So I went almost 7 years paying zero taxes, until I started paying properties off.

Property will be held in LLC.

You really have too many things working against you on this particular property.

I understand Philadelphia requires a local property manager. 

:Do you think Brandon Turner or David Greene or Brian Burke have an LLC for every property? 

I still have properties in Norcal, though.

I think my property would be a good fit.

We have assisted clients that hold property individually or in an entity and they transfer to another entity and have never had a lender call the note due. 

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

You definitely need to think about selling some of your properties.