It's taken a long time and a lot of work to get to that point.But people still have a negative stigma.

How long have you been investing? 

Long-term plan is to use gains from LP investment we made here in a few months.

How long do they take?

Long overdue little things and not so little things.

If you lived in it 2 of the last 5 years, you may not need to do a 1031.

Please be gentle; I'm new at this and it's pretty complex :)Structure / Legal Details- we'd establish market value through a combination of comps from local real estate agent and an appraisal- attorney would establish all required "arms length" aspects including a mortgage at a minimum standard federal rate- LLC would pay us back based on a standard promissory note over 30 yrs Pros of selling to the LLC (I think)- A sale now would be the only time we'd be able to take advantage of the cap gains exclusion on this house bc we won't qualify for the "live there 3 of 5 years" rule due to the timing of our lease and our last time of residence. 

Total cost significantly below their current monthly rent.3- If you have to 'give them' to the current tenant to get them off your books then do if it makes sense long term.  4- Don't do purchase contracts longer than 18   months. 

First unit lease is up for renewal on 10/31/2024 and has a good long term tenant.

You could also lock yourself up into a contract that is not in your favor for too long and miss out on other opportunities.