But you'd have to really dig into your market data to decide if its truly a competitive advantage. 

And what kind of strategy are you looking to put in place?

I'm trying to pinpoint my financial strategy in attaining these projects and HMLs are always suggested to me. 

any particular strategy you are looking at?

Selling seems right but i took depreciation on the property, so im wondering the best strategy here 

Is there any tax strategy that can be used to depreciate the actual cost of the building itself if not used by us for our LLP's business?

You, of course need to have a written agreement with them before selling the LLC to them and you will need to officially transfer ownership of the LLC to them using the legal means mandated by your state laws (check with a local RE attorney).This strategy is better than a double close because it's less risky and better than assigning contracts because offers are often made under LLC's so will be accepted more often than offers that stipulate assignment of contract.If you are already under contract under your own name or under the name of an LLC you do not wish to sell (like your company LLC), and your contract is not assignable, then you may be stuck with a double close.

With just the data given, I would say buy a duplex, rent out the other side, and if you have extra bedrooms in your unit, rent those too. 

Planning to buy a new property every 1-2 years and repeating the house hacking strategy until I have enough capital/experience to start the BRRR strategy.For the investors that are in Sacramento/Bay Area, I would love to hear about your stories of how you first got into real estate investing.

Setting clear goals will guide your investment strategy.