This is a question for your attorney and accountant on how you will manage the company etc.

s question -  I've seen accountants do this both ways. 

Do you have an accountant?

I actually had this account from years ago, before my Realtor days and before my mortgage lending days.

that's up to his accountant. 

Anything unique about re-selling a note held by an LLC that we should take into account?

However, I’m pretty sure obtaining a degree in engineering is pretty useful for someone who is an engineer and having a degree in accounting and passing the CPA exam would be useful for someone in a career in public accounting. 

I am considering selling my primary right now, which will put $400k into my bank account after fees and taxes made on gains. 

Seems a couple of weeks ago this was turned on for my account, although I did NOT do it!

But to date, I've just set my rents at a rate that accounts for me having to pay the water bill - and informed the residents that each year I'll increase the rent based upon my expenses (including water), so keeping the bill down helps me to help them.But one problem this could cause is if increasing the rent to cover the water bill then places your rent above the market rate.