I dont think the terms allow me to post a link but here are some basics.Has been occupied avg of 17 days per month since Sept.managed by a top tier company and has 4.8 star avg reviews.Also would be a good family home (large private lot, fenced yard, hot tub).It has the benefit of being near Austin downtown, but NOT in Austin city limits (9 miles to city center), so lower taxes and no STR rules (default to Travis County rules).I have read the forum posts for similar situations, however every market is different. 

You have LLC fees, additional tax filings to have it be a pass through entity and all for what?

First thing is to know the local Law based on the Rental Lease that you hold.

Having one asset per LLC will drive you and your accountant insane and when you realize they charge like $1000 min for LLC returns and you have 5 LLCs that the $5k tax will eats up 1/2 your cash flow you will be like oh boy…

I'm not defending them, but it does not look good if you don't have requirements, run their credit and then tell them you don't like their score.If they think you are violating fair housing laws, they should also not take your business.As far as representing both sides, did you agree to this in your listing agreement? 

I also personally would shoot for 1.2-1.4% in the suburbs due to the higher tax rates than in the city. 

You still get principal paydown, tax benefits, and appreciation. 

However, they will not receive any tax deferral through a 1031 exchange unless they buy one or more of the identified properties on their list. 

Then jump on landglide or onx and find out who owns the property. idaho, especially ada and canyon county has some funny development laws but a lot split would be possible.

If you're familiar with land lording in the "nicer suburbs" pretty much the same tenant/landlord laws apply.