Those reasons are:Owner decides to demolish the property, convert the use to non-residential, or convert to a STRDecide to make substantial repairs or renovations.

I plan to manage the bookings and do cleaning in between clients, so I will meet the "substantially all" materially participation requirement.

@Ana BejarIt appears you have a substantial portfolio, well done.

Lastly, grouping properties in 1 LLC can potentially have unfavorable tax consequences when not selling  “substantially all” of the activity (ie selling only 1 SFH of 10). 

I too though they would come down but it seems because of the low supply of homes that may not happen (at-least any substantial correction).

At the same time it's currently functioning with no sign of substantial compromise to the cast iron pipe beside the age.  

Georgia has seeing consistent positive migration for over a decade into the state with no substantial headwinds to slow it down.

I have a piece of real estate owned by an s-corp (of which I am the sole shareholder).It has appreciated substantially in the decades that I've owned it.I would like to transfer it to an LLC (of which I would be the sole member).But, I want to make sure I don't trigger the recognition of a capital gain.How can I do that?

So she stepped into a fully functional office/ patient base and my purchase included all the equipment fixtures everything which of course gave me substantial accelerated tax bene's.. its a NN lease so I only am responsible for the roof and exterior ( roof  was 5 years old and with no hail in this area it will last long time).

Seller can substantiate that he paid the contractor far in excess of the work done, but I want to be preemptive on this if I can, despite the fact we can show the invalidity of any mechanic's lien from this GC were it to be filed.