I’m having a hard time reconciling your title and what you’re actually saying in your post.

And using the process buy a new property or properties that you also intend to hold for investment use.The issue for you might be that you purchased this property with the primary intent of selling. 

While I am not afraid to invest my own time and money to renovate a property. 

They take the path of least resistance and always seem to blame their PMC for everything that goes wrong.Recommend you take some time to understand what the above graph represents and why your PMC is probably not the problem.Regarding your two PMC idea - how many water meters are there?

I am going to keep the LLC regardless because it helps me to stay more organized in terms of bookkeeping, having separate accounts for business expenses etcI am sorry if my explanation is confusing, its all clear as mudThank you to all who take time to respond

., so you can't get financing on a condotel most of the time.

I am concerned on the timing of when I should reach out to State Farm too Or at least understand any concerns or issues ahead before I reach them.

This requires careful structuring and compliance with IRS rules.Installment Sales or Buyouts – Instead of distributing properties outright, investors can sell or buy out their respective shares over time, spreading out tax liability and reducing immediate capital gains impact.LLC Restructuring (State-Specific) – Converting the corporation into an LLC taxed as a partnership may allow for a more tax-efficient asset distribution.

Asking price, cost of rehab (plus time to complete), ARV, and rent once rehab is complete.Asking price $50k.

If you don't have the zoning already I wouldn't waste my time.