It is the difference of your house selling or not.

You might want to come out to some of our meetings and network with local investors that can give you alot more insight and maybe get the inside scoop of some that are ready to sell off some of their properties.

Buy out the properties mortgages and sell it for a loss and try to minimize the total loss?

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Look at their listings and see what they're selling and if it's a match. 

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

Or should I sell and realize my profit.

That's $18,000 a month income and their costs are probably 1/3 that.

Hi Rachel, There is no requirement to use a real estate agent or attorney when selling a home although it is highly advised. 

It costs maybe 25-50 bucks per month and the servicing company will provide all of the required documentation for their new lender.