Lots of issues with compliance, county and city ordinances.

Work with your originally closing attorney have him handle the re-deeding and working with the title co to be safe.Way too much bad advice re quit claim use. 

I have a K-1 (Form 1065) from a Colorado LLC.

I have a rental in Aurora, CO that I’m planning on doing a 1031 exchange on.

There are advantages of having a living trust as a sole owner or co-owner of an LLC is that it allows the grantor to simultaneously manage a business while taking advantage of a trust's flexibility.

My last point is that, according to their own zoning ordinance as a direct permitted use, I could install two manufactured homes (used or not does not matter) on these properties.

Looking at 2bd 1 or 2bth condos in Summit County, Colorado.

Because they have previously outlawed legal city permitted STRs, it would mean nothing to me for them to once again allow non-owner occupied STRs without some assurance that at the first opportunity/whim they do not change the ordinance to again prohibit non-owner occupied STRs.They used STRs to help the RE recover from the GR but when they were no longer needed, they outlawed them. 

Owner has made public statements indicating he will begin developing the site himself if he hasn't sold in ~4 years.43 Lynnway, former General Electric Co.

@Justin Windham Thank you I appreciate it, by the way Denver Colorado is a great place.