This was last year and shows the balance to be about $8000 What kind of debt is it? 

Additionally, we have equity of approximately $145,000.Now, we are faced with a dilemma: should we sell our current property and purchase in a more favorable neighborhood, or should we rent the house and let it pay for itself.We would greatly appreciate any advice you may have.

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You can later transfer the property to the LLC, but be aware it might trigger due-on-sale clauses or additional costs.

The additions are usually small.Buy focusing on real high value places, you are putting yourself in a narrower guest pool.

Tenants will prioritize their debts based on reprocutions. 

You don’t get to just expense the additional real expenses.

When I ran the numbers compared to US real estate, the added leverage potential here meant that it was not worth the additional hassle to continue investigating Dubai. 

You will likely need to rehab for any strategy but Co-Living will be more bedroom additions which is less cost compared to kitchen and bath remodels that are more needed for furnished rentals.