Its neutral but different and bold.  

Debating on if I should sell or rent it out for small cash flow or even neutral if it’s necessary to make repairs.

I would also recommend pursuing your own financing for the property rather than using their in-house financing because it will help to have a neutral party evaluate the deal as well.Hope this helps.

I'm wondering should I get an outside lawyer to get neutral legal advice.

I'm told the rates are close to 2-2.5% higher for an LLC.This throws a wrench in my strategy which is to:1) find and buy properties that are cash flow neutral to positive in the current "high" (relatively-speaking) interest rate environment 2) refinance when interest rates drop to increase cash-on-cash ROI to 10%+.Curious to hear other's experiences on this.

Generally, You should not get into deals that don't cash flow.However, that being said, if it truly is cash neutral, thenin the next few years the rents will probably be ableto be raised and then it will be cash flow positive.There is also the potential of appreciation.But....But....But....the value could go down near term,taxes could go up, and rents stay flat, or you havevacancies.

I once purchased a property that my conservative projections showed as cash neutral. 

The last thing you want to do is start off a new landlord/tenant relationship on a bad foot.Might be worth your while to bring in a commercial leasing attorney for a set fee to knock out the fine points so landlord and tenant can remain neutral, express their concerns, and hammer out an agreement.No legal advice.

Also, in your market even if you start off negative cashflow or neutral, you can make that up relatively quickly overtime due to rent appreciation.  

However, these smaller multifamily properties are ultra competitive and are mostly cashflow neutral to negative between 150k-225k / door.Happy to help if I can - feel free to reach out!