What is the best way to approach this from a property tax standpoint?

Aside from Easton, code requirements are pretty reasonable.I've looked at expanding to NJ, but the landlord / tenant laws and higher taxes are a killer.

Reasons a seller may want to seller finance (and its typically not to avoid taxes as many think) are:1.

RE taxes are almost 9K/year. 

  - if you're buying and selling in California, just know that the California Franchise Tax Board scrutinizes 1031 exchanges more than any other agency in the US, even more than the IRS. 

In case anyone was distracted by your lengthy response, I specifically asked for your credentials and how you cover "learning LLC's", "learning asset protection" & "learning tax write offs" just to get an understanding of your training program.

@Sarah Kensinger don t forget investors can build and triple net lease their properties via a long term lease to management companies and enjoy all the benefits of passive investing.You are right .management companies who are responsible for taxes , insurance and maintenance, will make sure the property and furnishings( which they paid for) are well taken care of.

Tax season!

You may lose your tax benefits by transferring into the LLC, and have to pay capital gains tax on any gains you have...talk with a CPA about this.

Here are a few tips to help you on your journey:Network, Network, Network: Make connections with other investors, real estate professionals, and possible mentors by attending regional meetings, networking events, and seminars.