One way to value the property is to determine the average cap rate of similar property in your area.

@Joseph Tarallo , I simply went into the bank where I have mortgages and asked to apply for a line of credit on a rental that had no existing mortgages.

I have a multifamily that I'm trying to determine if its two 1 bedroom units, or two 2 bedroom units.

Would I just simply file a DBA with the state and make up a name and use that since I wouldn't have XYZ Properties, LLC, at the top or do I use my name or just leave it entirely blank?

The cost will be determined by how complex you want it and who the attorney is.

There is no need for the note between you and the LLC, if you own the LLC you are simply putting money from your right pocket into your left pocket.Also something else to note here: if you are intending using leverage (buying properties with financing), you would have to buy them in your name first and then transfer the title into the LLC - no one likely will lend to your LLC.Hope this helps.

If the end plan is to buy property to Seller finance, why not simply start there?

You can verify a deed changed hands by simply looking at public record.

And in a vicious cycle, this simply impels the lawmakers to create a new batch of rules!

How do I determine if this is an ideal location?