The loan itself would be considered a "Jumbo" loan (meaning over $424k) which means Fannie Mae and Freddie Mac (conventional lenders) won't lend that high...so you cannot gain access to their renovation loan.  

I've gained a bit of a reputation locally as a quality rehabber.  

If instead you have a good job and want to focus on net worth growth, then different areas with less cash flow and greater chance for appreciation could bring you better gains in the long term.

This way if their plans do not work out they can resale they property for cheap and get out versus sitting on holding cost for the land for many years sinking non-productive capital into a project.The house is not a benefit.

@Andrew Brewer You are definitely going to benefit more from just doing repairs and calling it a day...

In order to gain control of the property and to have a structure to attract more investors I'd like to have a record of assets that are owned by the company, which becomes difficult when the titles do not reference the company or any relationship with the company.  

One benefit of multifamily is great break even occupancy factor over other asset types.

If you owned the house for 2 out of the last 5 years and lived in it in 2 of the last 5 years, and your profit did not exceed 250K (if single) or 500K (if married filing jointly), you will not pay capital gain tax.  

The answers to those questions may affect whether it's more favorable to keep it (so you can RAISE rents regularly, and reap the benefit of future capital gains), or owner-finance it to another Buyer (thus, why not demand a sufficiently high down payment so that you can invest in ANOTHER?

It's likely that you paid cash for the property if you are selling with owner financing, so you lose on the benefits of debt pay down and appreciation.