How much loan can I get approved for?

I'll use legal consul if I need to, but again, was hoping to get acclimated to self-managing and doing this, as it is apt to come up again. 

@Warren Barton a PMC should pay the legal owner of the property OR that owner's lega representative.If the properties are in your personal name, to have the PMC pay your LLC, you'd need to name your LLC as your legal representative and provide acceptable documentation to the PMC directing them to pay your LLC.They'd then 1099 your LLC via its EIN.

Just in general, that doesn't make much sense.Do you have the the capital and approval to buy a new home without tapping your equity?

Is there a way to separate from them legally without getting a lawyer involved? 

I think it would be a nice touch for my STR, but I'm not sure about the legalities.

You can face legal issues because of the existing mortgage/loan.The other options are Contract for deed and Wraparound mortgage.

As we already stated, given the amount I am approved for the inventory selection at the moment is already really low.

It would have to be in the best interest of the creditors in order for that to happen (get approved).You would also have to pay the lender that put the loan into foreclosure, in full, or face their objection in the hearing.

We just started with our STR (has legal TOT certificate) in Mariposa County near Yosemite.