If the 8o% owner of the LLC decides to sell can they keep 80% of the proceeds?

. - Have you identified the next few steps, or are you looking for some help figuring out what's next?

I considered taking the negative one one and allowing another existing property profit “balance out” the cash flow, but that feels like a bad move and would be better to sell  My ultimate goal is to build cash flow for FI, which I need more to do. 

I have come across multiple properties - typically houses that require rehab - where the seller is not the owner of the property but what I believe to be a wholesaler or investor who has been assigned the rights of the property to sell to an end buyer (me) for a (substantial) fee. 

That will get you an additional 45 days (a lifetime in a transitional market in an election year) to identify that elusive replacement property. 

Now, that does not mean Sell everything, but for some it does.

You live in it for 2 out of 5 years and Sell for up to $250,000 Tax-free.

I learned a lot and maybe will come back to STRs when I don't have to overpay to get in, but I'm selling it right now and not looking back while I have the opportunity to offset my cap gains with all our losses.

Take the equity and rinse & repeat with another if you do sell.

I've connected with the trustee and he's interested in selling.