The asking prices on the package is close to $630,000.Gross rents among all the properties are about $105,000.I haven't walked through the properties, so I am not able to assess their indoor condition, however my initial research suggests that some of the buildings are also a little below market rents. 

Don't pierce the corporate Veil: This can occur if the entity either is poorly capitalized.Inadequate Initial funding of the entityor fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Do not commingle personal and LLC assets.Maintain a separate LLC bank account.Execute an operating agreement.Follow the provisions of an operating agreement.Have LLC member meetings according to the operating agreement.Title property in the name of the LLC.Maintain insurance on LLC property in the LLC's name.Sign all LLC documents in the LLC's name, not the members' names.These steps will also provide a better defense against other creditors attempting to show you pierced the corporate veil.So,  put the money in the LLC's Book as capital contributions from your partner, and use the moeny for the transaction.Also, although I do not know the extent of the business you have conducted so far or will in future, you should consider electing S-corp. 

Beyond that you need to consider what's worth it to you in terms of how much you're having to put into a unit financially - e.g. if you're putting in $5k/mo and only getting $6k out (gross), you probably have too much at risk.  

It must be considered an expense, (because I have to claim the rent recieved as income)  as I am merely a pass through, but I do not know where it would go.Also, when it asks me for gross income, how do I handle accounts recievables?

They didn't acknowledge it in email, they just sent me and hundreds of employees updated W2's.

Assume that one day you won't be living in the triplex....at $1300 per unit your gross rents on a $469,000 purchase are only $3,900 per month....That's not even a 1% rule.Is it possible to raise the rents to at least  $1,400 a month and get the seller to "settle" for $420K? 

I'd have a big old building with employee's and would designate each employee with 20 owners each. 

I just hired a lady that I'm concerned about her ability to just learn new things regardless of her current lacking computer skills so I'm thinking of either paying less to train or by the piece mailed. I've been able...

we did not want to have a situation where that member was now considered an employee.  

Property management and construction management are the keys and just a little problem in processes or employees can just domino.