Currently, after renovations, we have 2 remaining units to lease.

If you where going to be able to recreate the orginal layout, you would of been able to do so by the clues left behind by remaining framing, be it the "honey" holes where the toliets once where, the sizes of the holes in the joist would indicate what pipes ran where be it hot and cold supply, toliets, showers and other industry standard tell tale clues. 

If you want to remain more passive it might also be good to have that PM in place.

Rent collection and expenses can be managed through a separate business bank account under the LLC, even if mortgage payments remain personal. 

The chimney’s exterior, made of metal tubing, will remain intact.I plan to hire contractors for the entire project.

While the MBA has lowered its growth projections, the overall outlook remains positive for 2024 and 2025.

Major employers like NASA and Redstone Arsenal make Huntsville a stable market for real estate investment.Housing Market:Home prices in Huntsville have been steadily increasing, yet remain affordable compared to national averages.

However, office vacancy rates remain high and are expected to peak at 19.8% by mid-2025.Larger companies are still reducing space, while smaller firms are shifting toward expansion, having reassessed their post-pandemic office needs.

Similarly, I am currently depreciating an HVAC system I installed several years ago so wouldn't the remaining undepreciated amount be added to my adjusted (carryover) basis (using either the general or simplified methods) after the exchange is completed?  

Despite the dip in occupancy, rates remained stable or even edged a bit higher compared to last year.