Everyone just looks at it from the owners or buyers perspective.

For me the pros would be access to MLS as well as hands on experience I get from the agent/Broker's perspective.

I also felt this would be a good time to do a fresh walk through with the tenant to address any issues or concerns that might have crept up throughout the selling process.  

How have these properties performed from a cash flow perspective? 

Each sale is so unique and every seller does have a different perspective.

I will be there to see what is being said and overall city perspective.

just from my perspective of 40 years at this over 500 houses owned rented at times and sold.I have only had tenants go nuts over security deposits.. and thats simple give it back LOL.maybe i am lucky.. but for me its good insurance is what we need.also if you have multiple members of an LLC that are true investors and you keep your books clean that does have some protection.the Hubby and wife or single investor who thinks an LLC or multiple LLcs will protect them.. that wont happen if the worse comes to pass.. they get pierced as alter ego.believe me you will get sued personally.. and you will spend an inordinate amount of money trying to isolate you from the litigation.. best to let your insurance company handle those costs right?

One is income, the other an expense, so from this perspective, no taxable affect.Your dilemma reminded of the time when I didn't have a CPA.

During my research many years ago on Property Manager's company set up,  I wrote the following:In order to set up your company in QuickBooks correctly, you will need to do the following:START FRESH (this means starting over right from the very beginning)Set up a company for your Property Management Company (THIS IS CRUCIAL) with a bank account just for you.Setup a Property Management Trust Fund Bank Account to hold your owner's money.

in our business we get fresh 3rd party appraisals on every deal and full title insurance brand new on every deal..