Dissolving the LLC and distributing the property to the former members as tenants in common and then selling is a relatively common practice in these situations. 

Quote from @Heath D Wallace: Quote from @Nick Rutkowski: @Heath D Wallace Cats can damage your property if not maintained correctly, if your apartment has carpet then cat urine is can get soaked in it if the cat pees on your floor.

Its much harder to turn a property around in 6 months expecting to have 100% of your money returned back to you - but if you focus on the right property focusing on highest and best use with an ADU add (like mentioned), in-fill/lot split, or other rehabs - then hopefully a semi-decent property like that will perform like a champ in a few years. 

If B class or better then you can consider not using a PM.

Then when it’s sold everyone gets out.

Leveraged houses perform 3x better then the stock market.   

If you can learn and make any money then it is not all bad.

if there is appreciation, but you wouldn’t sell your current home tax free and buy a neighboring home to rent out, (There by raising your cost basis for additional depreciation and lower capital gains tax.) then it probably doesn’t make a good rental property. . 

We should be finishing renovations on my unit in the next month and then will be moving to a live-in flip so we can get this one rented. 

.- Then you need to register for a commercial activity licensehttps://www.phila.gov/services/permits-violations-licenses/g...- Once you have a commerical activity license you can finally get your rental licensehttps://www.phila.gov/services/permits-violations-licenses/g...All of the above will be done using the eClipse online portal systemIf your property is built before 1978:The system will kick back your application and you will not be able to get a rental license until you get a Lead Safe test.This is when you will hire a licensed 3rd party to come out and doing a lead test for you.