Your PM might be a good choice - at least they have market familiarity and will know some contractors. 

Welcome to BP Chris, Out-of-state investing is a top choice.

Are you set on these only being your choices? 

You may also be running into the FHA self sufficiency rule if it is a 3 or 4 unit property.

Its actually a hard choice to make, but once you do, it is the best choice.

Thanks @Adam Bartomeo and @Chris Seveney.My plan to move the rental property to an LLC was to remove personal assets from any liability claims (i.e restrict liability claims to assets of the LLC).Yes my plan were to quit claim the deed to the LLC, but if the mortgage company is not cooperating I probably have little choice but to leave as it is.

Even with a lease in place is there an option to terminate contracts with a sufficient amount of notice?

Out-of-state investing is a top choice.

However, they might not appreciate as much over time, and the market can be a bit more unpredictable.Ultimately, your choice depends on how much risk you’re comfortable with, your long-term goals, and how involved you want to be.

This is giving them more choices and forcing a reduction in rent from what we have seen to attract residents.