In this manuscript, distance and position estimation problems are investigated for visible light positioning (VLP) systems with red-green-blue (RGB) light emitting diodes (LEDs). The accuracy limits on distance and position estimation are calculated in terms of the Cramer-Rao lower bound (CRLB) for three different scenarios. Scenario~1 and Scenario~2 correspond to synchronous and asynchronous systems, respectively, with known channel attenuation formulas at the receiver. In Scenario~3, a synchronous system is considered but channel attenuation formulas are not known at the receiver. The derived CRLB expressions reveal the relations among distance/position estimation accuracies in the considered scenarios and lead to intuitive explanations for the benefits of using RGB LEDs. In addition, maximum likelihood (ML) estimators are derived in all scenarios, and it is shown that they can achieve close performance to the CRLBs in some cases for sufficiently high source optical powers.