Factor in the tax benefits. 

Factoring in my gains even if I get a little more rent $1,600-1,650/mo I’m leaning towards selling but Tampa area has done great past few years so it’s harder to find good deals.Steve

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

I also assume taxes will double if I'm doing any renovations, and factor that into my analysis.My partners, (also from Ontario), and I have a 4-unit closing on Friday so I'm driving out for a week to add some major value to the interior.

This will be a major factor in deciding which flag to go with.Marriott and Hilton are the darlings of institutional capital and are easier to finance but they are expensive in terms of franchise fees, royalties etc.

Yes taxes are egregious thats for sure but when factored into the proformas, deals still pencil out consistently with ludarcis numbers.

Make sure you take all of these factors into consideration.  

Again though, your market is going to be the determining factor here, and probably even more of a micro-market even. 

If there is a deal-breaker, bring it to the seller's attention with intention of solving the problem.As always, being transparent, honest, and acting with integrity will benefit in the long run.

I think there are a lot of different factors being discussed here.