I suppose the real question I have is, is this a reasonable asking price considering they are all cash flowing and in decent shape?

These are my current income streams however for many reasons I feel like they could be simplified and/or made legitimate.My 'income' from the managing of rental properties however because there is no company it's really a 'gift' from the trust so in the eyes of lenders it is not actually viewed as income (nor is it really enough to qualify for a loan). 

But more often than not, investors who involve a buyer's broker get put on the back burner and are used as a last resort for the reasons I've mentioned above. 

Then, take your original $100k (you never spent it...no matter how hard you tried), and keep it.Never under any circumstances, for any reason, spend your seed money. 

Some banks even disallow a newly formed llc, for just this reason.

But as long as you're providing a decent space and reasonable rent rate- you shouldn't have an issue.

That's one of the reasons I love larger multifamily (50+ units) vs. 5-10 units.

This is one of the MANY reasons that we steer our clients clear of blanket loans when they only have 1,2,3,4....even 1-15 properties.   

Once you find a good one that is dependable and reasonable and does good work, don’t let it go Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I seriously went down this rabbit hole for about a year before I finally figured out the real reason why some properties downtown still haven't been renovated.