Financing and Complexity: An LLC can make financing more challenging and expensive since banks often offer better terms on personal loans for real estate than LLC-held properties.

Regardless of whether or not bonus depreciation reverts back to 100%, 50% on newly constructed properties only as was the case prior to the Tax Cuts & Jobs Act (TCJA), or 0%, depreciating assets according their CORRECT class lives via cost segregation on properties held for a minimum of three to five years to minimize the effects of depreciation recapture upon sale is still beneficial depending on the taxpayers' circumstances.

I am planning to transfer couple of rental condo from my name to an LLC, and I am having a tough time locating a insurance agency to buy landlord insurance for the rental condo held by my LLC in MA.Any suggestions?

When the seller tried to create an auction atmosphere by “accepting” six offers at once, we countered with current quotes for the required sewer tie-in and electrical repairs, held firm on price, and won a seller credit that covered most of the work.

@Brady Tome, The 1031 exchange is only for property that is being held for investment.

The deed is still held in the deceased mother's name.  

It sounds like you still need a bit more renovation so likely some of the rehab funds would be held back for draws.

That said, I have bought a number of properties where another investor held the tax lien, but I negotiated directly with the owner before the lienholder sued for title.

If a buyer discovers that an addition wasn’t permitted and wasn’t disclosed, they may have legal grounds to sue for misrepresentation, breach of contract, or fraud—especially if the issue results in damage, safety hazards, or enforcement action by the local government.The timeframe in which a seller can be held legally responsible for nondisclosure varies by state but generally ranges from one to four years from the date the buyer discovers (or should have reasonably discovered) the issue.

I will PM you a couple of funds operators that I am aware of who have a good record and have held up to the scrutiny of many investors more experienced than I.There is a good thread on BP that has some tips about checking out a syndicated deal/sponsor.