Then at the end of the month/quarter you just have to do the math to deduct their usage from the total and bill it how you want.Best option for me going forward is to simply not look at properties that aren't individually metered already haha

What works in one market might be totally off base in another and vicea versa.   

However, you would need to speak/hire a securities attorney first, determine which rule you're going to use for your syndication, and then start talking to investors based on methods the ruling dictates to use.

At that point am I declaring capital gains based on what I've brought in, and paying based on that? 

The best option is to leave the property in my name.

As of now thats not an issue for you, but if you plan on expanding your portfolio utilizing the LLC can open up more financing options for you down the road. 

Rents are solid, tenant base is good, and there's typically less price volatility.

Find a local bank and build a relationship...banks make money on deposit funds, your business seems to have a pretty decent deposit base.

Congrats Holli that's awesome..We're on the hunt for RV/Boat storage land/facilities and financing options for 5+ units have become increasingly workable.

So in his mind you need to put high end finishes in a duplex versus basic finishes in a detached single family, but then this becomes an apples to oranges comparison.The only real way to know is to have plans drawn up and get actual bids based on those plans.