My husband and I own a vacation rental property with my sister and her husband (equal ownership). We would like to form an LLC to put two other rental properties into. My question is, can we also put our half of the joint rental property into our LLC? If so, I'm assuming we'll have to transfer the title. Will we have to pay the full transfer taxes or only half? Also, are there any other steps that need to be taken that I don't know about? Thanks.