Also what worked better for you, a set fixed price for utilities every month, or simply splitting the bill (ex: half and half) when it came?

Then Cash-out refi as much as possible of what you put into the property, and roll that over into something else, or payback where ever you got the money.That is simply one idea, and it can be done in a number of ways.  

And any amount you purchase over the amount of your sale adds depreciable basis to your property and does create more depreciation allowance.Your situation isn't hopeless but it's probably going to have to be multi faceted and one where you have to compromise a little.Unless you simply do a cash out refinance and let the property support the new debt. 

And you do have 45 days after the sale to simply identify your potential replacement properties. 

If you LLC simply owns the property, it's not clear how that would affect your state and federal taxes since the property is being used by you for personal use.

I typically pay a service call for about $75 to $100 to have most simply issues handled. 

At least of what comes on market, every listing is negative cash flow and competition is simply betting on appreciation.

A colleague of mine and I are considering entering into an equity partnership.

It appears yes, it is a straight sale.....you get the full price in cash, they get title....you simply get a portion of cash flow and the right to buy back later....can’t see how that changes the initial sale.

Once you have earned some money and mature a bit you may find that it is also part of the responsibility that comes along with success that may lead you to simply want to help a community maintain or improve its quality and value.