My question is: what is the best way to set up the property within my existing LLC structures. 

Is an exchange from a residential rental to an existing business allowed under the Starker rules?

:)    I should have also explained the context i'm in (Shanghai, China) where projects of your size are not difficult to get due to effort or mindeset, government regulation simply wouldnt allow me to buy. 

Also, some benefits others haven't listed are that some agents are very connected and can find deals "that don't exist".

Your answer tells me that I will hit my DTI rather soon, with my existing mortgage, and the HELOC I'm waiting for approval on. 

I would essentially be renting it at cost, with an extremely small to non existent profit margin especially since whatever money I would make after mortgage and HOA was paid, would have to be rolled into an emergency fund for the condo in case and when something will inevitably need to be fixed.

Dan going forward I will not work with Touchpoint Property Management especially since they find it inconvenient to follow the rules and regulations that have been in place since 1984 and insist on insulating the Board and its members including me.

I am building more 14x50 storage units with the doors facing the existing doors.

At some point I'd like to convert the basement into its separate unit and a another bedroom to the first floor.A: Make sure to follow the regulations when doing this conversion.

Appraisal are highly regulated these days (see Dodd-Frank Act).