We think we can break even with a conventional sale but have no idea.

Anywhere near Evens has gotten very expensive, so cash flow will be tougher.

I have one tenant who is a god send compared to most, he accomplishes nearly ever repair I need, even did an HVAC unit. 

Or even a paper calendar? 

They even sent someone from the city to the house to tell us to stop operating it as a STR. 

I am assuming that even if you strucutred it with a higher purchase price (85% of value) and pre-paid rent it would potentially still be frowned upon.

We built a single family home version of a 2 bed 1 bath with surface parking at cost with no profit all in with land for 175k in newark ohio, a suburb of columbus ohio. when we push that to 3 units and closer to the city for our build to rent model the numbers go way better. a 30k slab for a single family home is 30k, a 30k slab for a triplex is 10k a door. we designed a 2 bed 1 bath design at 668 sq ft and it's very good layout even I would live there, but I would never build anything that small again. there's no economies of scale. you need density and shared lines, resources, shared roof shared slab, shared windows, etc the cost goes way down.

That might even be enough to make it hard to be hired by a traveling nurse agency.BTW, I am not a lawyer that can give legal advice.

Here’s my two cents:Paying off the condo might make sense if your main goal is to reduce risk and enjoy the peace of mind that comes with no mortgage.

But what you did accomplish is that now you owe $800 per year to your greedy state of CA, even though the LLC is formed in another state.