To simplify I will write the quick questions I would like answered below. 

For us, this method kept property in the LLC and simplified the 1065 filing.

At this point I could've moved on to a different buyer to simplify the process, but in order to make this work and NET more money, I decided to close on the house with a hard money loan with the seller, then sold it to the end buyer for $450,000 a few days later.There were more fees this way, but like I mentioned I still netted more money as opposed to assigning the property for less.Here's how the numbers played out:Purchase: -$370,000 Hard Money Loan -$14,501.47 Closing Costs (out of pocket)Sale:$450,000 Sale Price-$12,000 Selling Agent Commission-$9,352.33 Closing Costs-$369,737.24 HML Payoff=$59,649.55 ProfitNotice the buyer did have an agent so I factored her commission in.

We've still never met in person, but we've already been discussing starting our own company....The process of a Power of Attorney while overseas is frustration simplified.

Simplified, Cap rate is the return expected if paying all cash. 

Very simplified decision tree, but that’s how I’d be thinking. 

Hi @Daniel Kevin Lara, I'm going to assume from your question that none of your utilities are individually metered (a bummer, since that simplifies this scenario a LOT).I would work out the historic averages for the utilities and split the average among my tenants, either:- Split it evenly not factoring in my usage (i.e. they pay the full share) OR- Split it evenly between ALL residents and add a surcharge to give some buffer or padding. 

Thinking of depreciation as a loan instead of a tax cut helps me think through the tax planning process in a simplified way.

In all of those cases the tax payer remains the same because the tax return reporting the properties stays the same.That not only simplifies ownership but also lending as well.

Obviously simplified, but there are the broad strokes for one of many paths to your first multifamily.