I would greatly appreciate your input on this matter.Here is my setupPurchased property under a TrustLLC in FL owns the TrustHolding company LLC in WY owns LLC in FLI purchased the property sub-to, took over the seller's mortgage and I’m working on setting up insurance for the property.I understand I need to keep the seller as additionally insured in my insurance, but the seller no longer has "interest" (ownership) either in the Trust, nor any of the LLCs nor in the Deed nor Settlement Statement.

It helps if you pay someone, usually an attorney, to be the manager of your LLC in that state.

Also, @Joshua Stanton, how do you protect yourself/assets if you can not deed the property into an LLC? 

Moreover, most DSCR lenders require title to be held in an LLC.

Or ask the third owner if they would also consider selling, so the whole property is sold.Whether a partnership or LLC, follow the Operating agreement. 

Or is it easier & wiser to just have payments sent to my LLC's account & having the tenant text/email me in regards to property issues?

LLC’s provide them no shield here.So, would-be syndicators, please take note:  please treat this business like a loaded weapon:  Handled carefully and with training and experience it can save your life.

Hello, my name is Ben Mudd and we own a fix and flip company named Grace Renovations, LLC. 

I’m the only one on the LLC.  

I’m forming an LLC to purchase these investments and plan to use commercial or portfolio lending.I’d like to avoid properties with HOAs, large multi-family units, or extensive renovation needs, and I’m primarily interested in properties with good appreciation potential.