If by historic you mean "old" then you can disregard this.  

if you don't know what i mean, just disregard...

If you are going to be the only member of the LLC, then you will have a SMLLC (single member LLC) and it will be disregarded for federal tax purposes and that means that you will not file a 1065, but include it on your Sched C/E (just like if you owned it in your own name).

The LLC is disregarded as I am the only member when it comes to my taxes so my rental incomes/losses are just reported via Schedule E.I forget all of the reasons why but when I looked into this initially 3 years ago the best strategy was S-Corp for shortterm, LLC for holds.BMR

see post
http://forums.biggerpockets.com/viewtopic.php?p=40644&highlight=#40644
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My response: Yhey will be out on Wednesday, so please disregard the smell...Thanks for the input everyone!

This way, those costs are still being considered in your projection for cash-on-cash returns (in this case, cashflow divided by down payment plus closing costs plus repairs plus maintenance reserve) so you're not disregarding the maintenance entirely.

The hard rock deal was an equity deal, so deciding between individual ownership, an LLC (as a disregarded entity) or a trust (assuming it is revocable) will not change the way you are taxed.Since it appears you have a revocable trust, that would generally be your best option aside from an LLC with the sole member being the trust. 

Just don't fall into the 2005 trap of banking solely on appreciation and completely disregarding cash flow.

Some tenants will interpret the lease to their own benefit, disregarding the reality of what it says.I do what Ann does though, and I like how she worded it - no financing of the security deposit.