Chris was partially correct ... the Roofer (Company I hope) should cover costs related to the roof, damage inside, and on/to that property.

@Ernest Wade You have the correct mindset focusing on equity and appreciation rather than cash flow.

And we haven't even gotten to roads, water management, soil corrections, water/sewer infrastructure, electric etc etc.. 

This will correct over time as more get burned, but until then, spend responsibly. 2) Do not listen to any advice recommending that you enter into a THIRTY YEAR agreement with a bank where you pay them a monthly payment in exchange for primary residence shelter where the only way you can meet the obligations for such a contract over the lifetime of such contract is that you househack, renting out your bedrooms to likely...strangers...until you are dang near Medicare eligible.

The bookkeepers then assign the cleaning cost to the correct owner's statement to be reimbursed at the end of each month.I pay them through Venmo in a bulk payment every couple weeks, which is linked directly to my Operating Expense account to pull the funds from the OTA payouts we receive.

Put one, a good one, in place ASAP.Leases are attached to the property and not suddenly cancelled when a property sells, so moving it to another entity later should not make a difference.Your loan processor was correct that FHA does not allow homes to be moved into an LLC. 

This will continue to drop over time and should be secured correctly."

Therefore, you likely wouldn't be able to use the 1031 exchange to purchase part ownership in the commercial property LLC.It’s best to consult a 1031 exchange expert or tax advisor to explore your options and ensure you're following the correct rules.

I have called several title companies and attorneys and none of them can lead me in the correct direction.

I think @Jeremy Ellis also hit the nail on the head because it’s very important to figure out if that property fits within your current goals and strategy.Thanks so much for the compliment, no one ever spells my name correctly as a result though lol.It would be helpful if we had a couple more inputs such as The current rent is $850/mth (with $100 taken out for a property manager)expenses (i usually have a couple of repairs every year which are on average $1200-$2000)After taxes at this point, I'm not making money but before the increase, it did cash flow How long have you held the property?