If you're cash buy and hold, then maybe you just leave it and work around it with uneven floors. 

But it’s a risk you need to be aware of.What I’d Recommend for Asset Protection & Financing•If you’re worried about the due-on-sale risk, keep the rental in your name for now and hold off on transferring to an LLC until:•You refinance into a commercial or portfolio loan that allows for LLC ownership.

What is interesting is our held for sale are the longer term notes as we do not plan to hold them for 10+ years.

I've got stories that would be hard to believe on some of my seller financing deals, contract on a napkin, personal check for a notarized deed, hand shake deals, etc., etc. and a LOT of fun.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Although I see this person has now morphed into just being a real estate agent as i suspect he was letting way too much business slip through his hands just trying to be a wholesaler.. 

@Michael Fucillo You are not jumping the gun at all.  16 units is still a lot to manage by hand, and getting a system that makes your day to day easier is going to be key to your own sanity. 

Start small, ensure your numbers (purchase + rehab + holding + selling costs) leave room for profit, and build a reliable team (contractor, agent, lender).For financing, work with lenders who specialize in fix-and-flips. 

Given statement of condition, I would think value-add is the opportunity at hand.

That will give me a gross profit of 20% minus holding and commissions.