We could rent it out, but we wouldn't be able to maintain the level of care and cleanliness needed to sell. 

Often times I see well maintained multifamily properties being listed for prices well beyond what I can cash flow with after the morgage and even “loose” estimations on cap ex, maintenance, vacancies...

@Vivek Desai it really depends if you have the energy to maintain the exterior of the home - if not, then a condo/townhome would be a pretty good option if the complex allows rentals (have your real estate professional check this for you).

On the other hand, keep in mind that there are costs associated with maintaining an LLC (such as the $800 annual franchise tax in California).2.

Since then I make sure to get tenants that are attracted to how well maintained it is, too the point that they are willing a pay a premium, I find that they are more likely to keep it in that same condition.  

The buildings are also scheduled to be repainted in a few months and the complex is very well maintained.

To maintain the liability protection you would need to operate each company separate from each other.

If the pointing isn't maintained, there will be a superhighway for rodents and water. 

You will get to maintain ownership with the deed until they purchase. 

If it has asphalt over shake shingles what will they pay?