You may have some liability protection for assets not held in the LLC and check with an accountant for any possible benefits from the new tax law.

What do you do for earnest deposit money If your buyer does not have a bank account?

I used to be an Account Manager for HUD and Freddie Mac, etc. and it will ALWAYS be listed on local MLS.

@Natalie Kolodij Well, I bought the property under a single-member LLC so I have a separate bank account for everything relating to the rental.

@Mark WilliamsThe valuation of commercial asset (which your 24 unit building is) is driven by the NOI of the asset, the building class, the cap rate for that asset class in the area where the building is located and thit is very different from the purchase and sale of residential properties for which the value is determined by the price other people paid for similar properties.it is important to look at the P&L statement for the building you are looking to purchase and verify that it accounts for the expenses and income to work out the true NOI.The NOI divided by the cap rate and divided by the number of units would give you the price you should expect to pay.That price per unit will vary depending on the class of asset it is.Class A commands the highest price per unit and the lowest cap rateClass D commands the lowest price per unit and the highest cap rateNot the precise answer you were expecting but hope it helps.

There are other reasons to consider taking title in an entity and those you will have to discuss with your accountant and attorney. 

If we negotiated a sale of the 1/3 interest between trusts, could the basis of the property be stepped up to $3M for tax accounting?

You should account for: maintenance, CapEX, vacancy, PM, debt service, insurance and taxes.

The scammer hides behind fake email accounts and craigslist.  

Account Closed The returns on vacation rentals/short-term rentals can be *very good* in Colorado Springs on the right property.