Starting an LLC, quick question

[Blake Beeson]

I'm about to start my first LLC for real estate investing. My fiancee owns a home in FL that we currently rent out to long-term renters. We've been renting the house since 2019 and have always had a renter in place. The home is currently in her name with her father as a co-signer. At the time she bought it she needed the assistance to show extra income for paperwork although he doesn't make any payments and would be happy for us to refi without him on the loan. Obviously, now is not a great time to refi since we currently have a great rate from years ago.

My question is; does is make sense to purchase this house with the newly created LLC or just hold on to it as is with our long-term renters in place? What would be the pros and cons? Is there anything to gain by doing this? The house currently has a good amount of equity (we owe roughly $210 and it's valued over $450) and is in a great neighborhood. We currently profit roughly $500/ month after all is said and done. I'm guessing we could allow the LLC to purchase it with seller finance but I'm having a hard time calculating how that would be beneficial to us. Any advice is welcome! Thanks in advance!