@Charles McCabe,
Well, I was curious about "We were going to sell to our existing LLC (for another business) however our mortgage is owned by Fannie Mae and they will not allow sales to a corporation" because I had batted around some ideas along those lines (selling my own house to a new LLC and renting it, and moving into part of a new MFR).
"active property management" If you ever acted on that, I was curious about your experience and the costs you've seen.
We were unable to sell to the LLC. Instead we were advised to basically over-insure our assets with high insurance coverage and umbrella policy. It's not ideal but should protect for most issues.
"Any lawyer recommendations in the Philadelphia/King of Prussia/Phoenixville area?" Eventually I'll be interested in the same. Seems to me there have to be lawyers out there who have gotten leases down to a [cheap] science.
We have worked with Rudy Celli in Wayne Pa. He's quite helpful and extremely experienced in real estate law as well as a seasoned real estate investor/property owner/landlord. He's also been willing to work with us so that we can do some leg work on tasks to save some costs-- still pricey though! Best of luck to you!