Although I’m pretty sure you can dissolve the LLC beforehand if you haven’t sold yet. 

My question is: Have you heard of any property management companies (single-family, HOA or multifamily) that have been sold recently in your area—or anywhere in the U.S.?

We have sold a few properties and experiencing this process from the seller's side double underlined that for me. 

Then we sold the house in California and moved my family back to Arizona into our nice, big house which my wife has been beautifying since we moved in.

I have bought sold either properties or notes in about 30 states.  

The units are all sold so the owners make up the HOA, but without a board the only person calling meetings right now is the Management company. 

Real estate investment can be incredibly rewarding, between the cashflow, appreciation, and tax benefits, it truly is the greatest wealth creation tool. 

. $360k equity (based on your estimated loan balance and estimated transaction costs if you sold, this is not calculating capital gains taxes but that would reduce your equity down to about $310k if you sold without doing a 1031 exchange). $8k cash flow (this will increase over time because you are in an appreciation market). $6k principal pay down (based on your current loan). $20k appreciation (based on 3% which is conservative, 4-5% is the historical average).

@Craig Holland Land is often sold with owner financing, in part because buyers have a hard time financing it, and in part because buyers often only need a short time before they can build on the land and refinance out of the seller loan. 

This is probably the reason why the previous landlord sold with tenants in place.