You can exchange your property for a larger property and build your net worth faster through greater appreciation (because of higher starting value) and greater amortization.  

Recently, my property taxes and insurance costs have increased significantly, turning what was once positive cash flow into negative cash flow.

If not, well you know the old saying, "the best time to get a lead paint certificate for your units was last year; the second best time is now".I've been told that the RI DOH may not start hitting people with fines for failure to register on October 1 as the law allows them to, due to the insufficient # of inspectors in the state to meet the demand.However, I've also been told that the other part of the law, the one that makes it so you cannot file for an eviction in RI without a current lead paint certificate, is expected to take effect sharply on October 1st.For anyone who hasn't submitted their properties/units to the new registry, I have a 15-page guide (with screenshots) that walks you through it.

Refinancing: If you purchase the property in your name, refinancing through a traditional bank is usually straightforward.

You will never see 2.1% again in your life so before you move you should do all of the renovations with the equity so it's fully updated when you decide to leave so it actually becomes a strong cash flow property and not one you leave with stuff to do and it all comes up at once.

  ( I'm not interested in opinions on LLC ownership or pass through entities and the various tax advantages of those structures - It has to be a C-corp (but thank you anyway)). 

We’d get an airtight contract of course but am wondering of there are any pitfalls we’re not thinking through.

I am happy to talk it through with you!

I think a greater appreciation for the work lenders and brokers go through needs to be understood more.

The problem is, you pay to skip trace, then the numbers have to be verified through the SMS APP and so far, at least for us- we lose about 35% of contacts after skip tracing, apparently because they aren't "verified".