My wife and I both as members of the LLC solely for the purpose that the loan and title are under both of our names so when transferring this property over from personal to the LLC I am trying mainly to prevent the property from technically changing ownership and “uncapping” its value for property tax purposes. 

A lower down payment might lead to a break-even scenario or even negative cash flow.

Make sure you give them enough lead time to find another apartment.

This can lead to a more productive conversation and help you refine your proposal

This also leads owners to ASSUME simpler is better when it comes to management contracts.

A 1031 exchanged property can include 1245 components that are considered part of the "real property" for 1031 purposes if they're affixed to the building (and also up to 15% of the value can be personal property under an IRS rule, such as appliances). 

Conventional financing for this type of property is going to depend in large part on what the purpose of the purchase is as well as the specifics behind the property type.

Your downpayment would be instant equity and your consistent cash flow would lead to equity over time.

For example, I purposely, try to offer MORE than the average rental in terms of amenities while pricing LESS than the average price for a comparable rental.

This leads to issues with refinancing and could leave you with less equity or higher debt than anticipated.