Eat your losses and move on to the next one. 

Having one asset per LLC will drive you and your accountant insane and when you realize they charge like $1000 min for LLC returns and you have 5 LLCs that the $5k tax will eats up 1/2 your cash flow you will be like oh boy…

All agents are incentivized to sell it's a transactional business and because you are just starting out and in a low barrier market you will encounter many new agents who need to eat and pay for their gym membership and car that month.   

Carpet can easily get stain and will smell over time especially if the tenant has children, pets or eats in the carpeted rooms. 

When you shift in and out of properties you pay fees for commissions, loan origination, transfer taxes, etc. which will silently eat into your gains.

But, it is a different animal.  

So you may have to eat that aspect.Increase the deposit for the pet as part of the renewal.....and dont fix the current damage until they move out, or you will just fix it again.

So it sounds like I likely have 2 options:1) just sell the property and eat the Cap Gains tax and move on, or2) do the entire exchange under our personal names and do a “improvement exchange” and book it through the home build.

I don't know what is standard and if I just eat my lumps and that's how it is.

A lot of developers will have their own PM and that'll eat up your profits.