@Brendan Miller thanks for the tip, I have updated my post and explained the expenses.

Explain to them what you would like to do and they will guide you from there.

Colleague of mine who owns a rental company, has about 2,000 rental properties in Chgo, and earlier this year, he explained to me how he got SCREWED with the moratorium, and wanted to now diversify with our company. 20% rentals to us (over time), because we have more stable and consistent income (not to mention skin in the game), vs getting screwed by his tenants.

The answer to that question and what your goals and objectives are about bringing them up to market rent is the key to answering this question.  

What my attorney explained to me is you take all the assets out of the LLC and then let it sit there. 

- Some of you have suggested: "Just explain your situation to the lender, they will understand and complete the transfer."

Explain how you're losing money.But what's been said is absolutely true.

Got it, from a legal standpoint you are a bit stuck if they want to proceed forward, however a conversation with them explaining your situation may resolve the issue though.

The average age of mortgage loan officers is 55 so that might explain why he's a little old school.

I explained to him the situation of that being the only place I could put it according to the city.