This is my first time selling an investment property and I need your help. 2 years ago, I bought a building as a whole with 4 townhomes and I’ve been renting each townhome.

In that situation I purchased a SF property 4 hours away from me this year as a fix-n-flip and to test the hypothesis that long distance fix-n-flips could be viable investments. 

What's the best way to handle this situation? 

A helpful trick is to completely ignore the rents the buildng comes with and figure out the actual market rents you can get. 

In general, this is C or C- area.

This is especially important when owning rental properties or managing flips because it minimizes your personal liability.However, many people stop at forming an LLC without considering the potential tax benefits of electing S-Corp status.

.: Quote from @Brian Cerezo: I know this question has been asked a lot .

This will take some time as the credit bureaus are going to want to verify your business is legit. 

@Troy Chambers feel free to reach out to me, I'd be happy to discuss/help if I can.

Sometimes this happens as zoning changes over time but the residential use remains legal.