As these entities will be disregarded for tax purposes, there will be no tax filing on them.If you want to refinance one of the property, I would suggest to do it before transferring into the LLC as you will get better offer with a personal mortgage than with a commercial one.

They manage my former primary residence for me and usually are very responsive, I can talk to the owner any time, and they have good control of the statements, payments, insurance, etc.http://www.hrgaustin.com/property-management/Hope this helps!

For reference purposes, here it is again:1) Where do I source the monthly rent value?

I'm sure the tenant would understand perfectly.That’s correct however on a commercial NNN lease the tenant is responsible for their % of sq ft of the landlords operating costs.

first, thank you for the response.

Any suggestion is appreciated and if there are regulations where the seller is responsible for misrepresenting or not clearly documenting funds that need to be transferred to buyer.

Thanks everyone for the quick responses.

Sometimes the language will say for estate planning purposes only or that the borrower has to maintain a certain ownership interest percentage at all times. 

I won't brag, I'll leave that to others but I will give you one important piece of advice.Being that you are a stay at home mom, which I am a huge fan of, you can classify yourself as a "real estate professional" for tax purposes.

If you are going to move forward, and this isn't a scam (i.e. they deposit $1 mil in your account and tell you to carry on), you should probably visit a good contract lawyer to spell out what everyone's responsibility is and try to limit your liability if this thing goes south.