@Brad Rondeau, You'd have to move back in for two years to get the primary residence exclusion.   

You would lose the Home Sale exclusion, and you’d be looking at depreciation recapture and capital gains. - Can I depreciate beard expenses that are necessary & vital for my practice?

You certainly don't want to blow the corporate veil as that defeats the purpose of having an LLC in the first place, nor want the IRS to look at it as a series of gifts which unnecessarily eats into your lifetime exclusion and annual exclusion. 

Your best bet is to find an exclusive opportunity by marketing directly to distressed sellers yourself.

Below is a list of our ideas to change the community's perception:Exterior Renovations:  paint & trim out the buildings, repave the parking lot, new signageNew Ownership / New Management signs on the propertyInterior Renovations: newly remodeled units and remodeled laundry facilityHave the local newspaper publish a story on our turn around projectProvide a couple units to local sheriff deputies who will drive their police cruisers homeWhat are some other ideas you've incorporated to change a community's perception of a certain property?

The $500,000 exclusion applies even if only one spouse meets the ownership test.

I RE invest almost exclusively in Ca and therefore do not need to worry about increased property tax.  

The agreement makes it exclusive.

Would it be wrong to put in the contract that the management company I own has exclusive rights to manage the property for a 10% fee.

Is there any specific newspaper or magazine that you prefer for Chicago market research?