But since one LLC is not the parent of the other (individual stand-alone entities),  we're not sure how to properly account for this transfer. 

My clients like to see increase in income and somewhat stable employment.Lastly, I set up the forms electronically - online forms. :)Hope I helped a little!

You need to look at the individual property to determine what it is worth. 

I went through the county online records.

@Kyle Baron  is not difficult to file conciliation court case nor do you need attorney to represent yourself if you own the property as an individual and not in a company.

If so can I be on the deed as an individual and he as an LLC?

Usually you will pay for insurance on individual properties, and yes your liability and fire policy should be much cheaper than a homeowner's policy which is used for people occupying the home.

If we split costs 50/50 for everything, how do we factor that in to our taxes since each individual will have a loan in their name but the costs and profits are split?

They aren't that bad online.

if getting quotes from builders or online estimates?