You need to check local laws to see what is and isn't allowed.

What I do for my off-market deals is scrape the tax record for all LLC's that bought like-property purchases and then trace their name/number and establish relationships with them and bring them deals.

The kids will get a step up in tax basis at that time and will be likely able to get the full benefit of the portfolio tax free.

@Sarah Moore This issue is going to be resolved by the law of the state where the LLC was originally formed. 

What will your combined W2 income be after taxes when you get married?

Property tax for each city and county is very different13.

The same laws apply, you use the same lease agreement, and you advertise in the same places: zillow, realtor.com, apartments.com, furnishedfinder, zumper, etc.Please don't let this unnecessary, made-up term confuse you. 

Interest rate and insurance cost in Houston will make house hack harder now but it is not entirely impossible. for particular Indepdent Height, arces homes, and highland height is a great area that is growing in my opinion. 77021 near medical center has some really nice streetLook for home that has garage apartment, duplex or big land to put up additional structure later on. look for area with low tax rate and no HOA. plenty of them around

Way too much liability and risk out there.You can't purchase a residential property in a new LLC in NJ unless you have two years of tax returns on the entity or a relationship with a local bank who will allow it.

I've most often seen it with sellers who aren't interested in doing a 1031 and they save some on taxes, earn interest, have a swtream of payments, but no obligation to operations/maintenance. 10 years or less is likely.