Meaning, you could simply use your CO entity and register it in Ohio as a foreign entity. 

Put simply, an $8mil portfolio throwing off 6% would get you to $480K per year. 

@Sharad Bagri, I think most people would simply have their lawyer prep and record a quit claim deed.

I also looked at cheaper markets because I'm just getting started in my real estate investing career, so it's just more realistic for me to go into a cheaper that's more likely to cash flow for now (I want to enter San Diego market eventually, but it'll likely be a few years)3.

Now I'm re-entering the game, with the basic goal of assembling a $3 million portfolio of rental properties, with a focus on midterm rentals.

A 24 unit just entered the market, and all units are 1Br/1Ba. 

Same logic applies here as it does to your previous experience, there's just simply an added layer of the income produced by the property. 

Currently looking in the Belleville area, simply for lower entry costs, but we want to get into the GTA market ASAP!

Nothing wrong with an LLC but know the LLC will be most helpful in simply keeping your name off the docket above all else in the event a lawsuit is filed.

Business issues or simply too high of a rent demand for the space provided?