You see, I had hit a plateau in my career that I wasn't moving higher.

You guys should promote how to move with the times, I notice you stopped the cash flow only into understanding appreciation that's dandy and all but not the full picture.

If at that time a child wants to move into the property as their primary residence they will be able to keep the reduced property tax basis.  

Someday will move back to it.

@George Voutsinos I would have to disagree with your approach :) The cash flow leaves as soon as the tenant moves out.

After spending 20K on a remodel prior to move-in, the tenant chose to hang more than 50 items from the ceilings and walls.

We are moving to our first project of fix and hold using BRRRR strategy. 

Wanting to move these properties into an LLC but I find out we have to pay taxes (7%) on the transfer equivalent to the mortgage balance.

Hey Mathios, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

The original plan was to live in one unit (as requird by the loan terms) for one year and rent out the other, then move & rent both units after the 1 year requirement (currently living with relatives).