I can't see a reason in the world to sell it to an LLC now since you want to maintain your husband and wife tax exemption on the future capital gain as a primary residence, but since it's rented now you may want to consult on that.

Plus, you would need to maintain thorough documentation of your hours spent and the activities on which you spent it, not to mention you must absolutely know the ins and outs of the type of activities that qualify you for REPS before you keep your stand at the tax court.

A truly local bank will be able to help get you where you want to be as you help them be profittable by maintaining a deposit base with them.

I was thinking of writing in my lease something to the affect of "ceiling fans were left here from previous renter, landlord will not replace/maintain ceiling fans. 

A building built in 1960 might be better maintained and have less issues than one built in 2000.

By directly funding the $390,000 purchase, we maintained full control over the deal, from acquisition to resale.

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By using our funds, we maintained control over the timeline and budget, ensuring that renovations could begin promptly and be completed without financial delays.

By directly funding the project, we maintained full control over the timeline and budget, which was crucial in executing the renovation plan and achieving a profitable resale within the expected timeframe.

This approach allowed us to maintain control over the entire process, from acquisition to resale, ultimately maximizing our profitability and demonstrating our commitment to successful real estate partnerships.