Note without cost seg, the depreciation is only 3.7% (residential) of the depreciable value (typically structure value).  

This is something you’ll want to plan for well in advance, understanding the timing, basis step-ups, and ownership structure, and making sure it's properly set up by the person passing it on.

You’ll also want to let your CPA know, since how you treat the transfer (as a sale vs. a disregarded transfer) can vary depending on how the LLCs are structured (single-member, disregarded, partnership, etc.).You did the right thing by moving it into the holding LLC once you decided to keep it — that’s a good habit for scaling later.

I recently worked with a California homeowner who completed a 1031 exchange into two long-term rental properties in the Grand Rapids, MI area.The goal was to reposition equity from a higher-cost market into Midwest rentals with more stable cash flow, while coordinating both acquisitions and financing remotely.We focused on rent-ready properties rather than heavy rehabs, and structured the purchases together to keep timelines aligned and reduce execution risk.Curious what others are seeing right now in Grand Rapids in terms of pricing, rent-to-value ratios, or investor demand compared to prior years.

I was thinking maybe its a series LLC type structure I see that in Chicago.

This is millions of dollars of value lost.End of the day…debt, location, partnership structure, and cash flow are critical to understand.

I’ve seen investors in Columbus, Ohio, structure it this way and still hit strong cash flow and 1% rule numbers while scaling multiple properties efficiently.

Smart structure for rent-to-own.

Regional banks and credit unions tend to be more flexible if there’s strong payment history, while agency lenders usually want a cleaner structure and rely mostly on lot rent for DSCR and valuation.About how many homes are seller-financed, and what share of total income do those notes make up? 

Because I work on the lending side, I see how the structure of financing can shape the entire deal.