I have a few small multi-family projects currently in different stages of planning and building, ranging from 8 units to 20 units, and things many people don't take under consideration when it comes to commercials it is a different animal.

I am a new member to the BP community and am planning to pull the trigger on my first rental property over the next 12 months.

There are a couple exceptions to the same such as:- Divorce or family size increment- Military relocation- Job relocation which results in a move that >50 mile radius from current house Make sure you stay in there for a year since moving out before then could trigger a mortgage fraud inquiryP.S: Just wanted to add this last-minute, DO NOT ENGAGE IN MORTGAGE FRAUD.

I will take your thoughts into consideration with my partner and see where we wind up.

I've been learning a lot through BP podcasts and books and decided to pull the trigger.

Is there an industry standard on the final cash outflow as far as tax considerations?  

I usuallyrecommend that people take the time to visit their top two companies before pulling the trigger, just to really narrow down their decision.

If so there are a lot of things to take into consideration. 

You do not have to pull the trigger on this one to analyze the numbers and see what your bottom line is.

One of two things happens: they forget to do it, so they don't have the LLC protection OR they do quitclaim it over and they have triggered the due on sale clause in their mortgage contract.