Verify with the city.Personally it makes no sense that an LLC would be able to operate without being onsite when it is required.The only thing that sticks out is the grandfathered in statement.

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We currently accept rent from tenants using a variety of 3rd party apps-Cashapp, Venmo, Zelle but are moving away from accepting payments in our individual names and want to start accepting payments directly to the LLC/business accounts, but LLC accounts do not accept Zelle and there is a fee for using business accounts on Venmo.

To get around this some folks will purchase the vehicle in an LLC and then sell the LLC, and this is not breaking the agreement.The same thing would apply here.

The lender required me to quit claim out of my LLC which I use for asset protection.

I started my LLC in the summer and still working through some kinks getting website started for marketing.

You could form an LLC and have the operating agreement that allows your boss to require you to purchase his membership interest (or allow you to purchase his) in a given time frame.

In theory, you could QT the property to an LLC in your name and enter into a lease with you personally.

Thanks in advanceDown payment: ~90k (25% downpayment)Rent per month: 2300 (5Bed, 4 Bath) with 2100sqftProperty management: ~150 (monthly)Outstanding loan around : ~268k (7.675% APR) 30years fixedLandlord Insurance: 1500$ (per year)HOA: 1600$ (per year)Keeping an eye on interest rates for refinance, so I can then move this property to an LLC instead.

Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.