You may potentially be exempt under other Virginia law, but an attorney would want to read your Articles of Organization before confirming, and would largely be based upon who has the controlling interest.B) You may be opening yourself up to premises liability by not transfering the properties into the LLC.

You need to know the area super well to avoid getting a rough neighborhood (unless that's what you want).

Interested in any thoughts from those of you who know the area about what neighborhoods are prime candidates for a MFH. 

@Eric Fernando You should start by looking at the county property appraiser website and check out the neighborhood and the zoning for that particular property.

C neighborhood if that matters.

Even then, you have to test each one out and see what will work for you.I see no reason to pay for software until you get into the neighborhood of 50+ units so you can really simplify processes and focus more on growth.

For me, my long term goal is to own doubles in my A neighborhood,  that currently are 150K +.

Research current market rents in the neighborhood for like size units # of beds/baths, parking, yard, etc).  

The property is probably the best in the neighborhood ($-wise), but only due to extra buildings on property. 

I would pull back in my neighborhood and realize I never had the radio on.