But I'm not going to sell you an option for $10 and tie up my property knowing you may never buy.  

It also means you have $96K tied up and earning -6%.

The whole idea was to compartmentalize your properties so no one could go after ALL your LLC held properties, only what was tied to that partnership.

It is a lot of cash tied up but that doesn't fit our goals, to have everything paid off.  

Personally, if I were in your shoes, I'd first install a privacy fence dividing the two, if they can't see  your tenants, it should provide a needed barrier for both.   

Bottom line: tying up properties and putting none to little at risk and then advertising them is a felony in FL.

I mentioned this to another lender and he said this is not the case since it will be my LLC and is therefore still tied to my personal credit.I plan to reconnect with both of them for clarification but wanted to see if anyone on here had experience with a similar situation.Thanks!

If I were in your shoes, I would be looking to offload this property as soon as possible and be asking everyone involved to make you whole. 

Requiring the PM to contribute cash to equity, tying their PM fee to performance / shareholder distributions, etc does.

Not looking to tie into tenants systems but looking to see if there are any advantages to generate additional cash from essentially renting the roof.