I would say that's pretty much the standard and based on starting with your own funds. 

Assuming it is based on your profile I would post and mail a 60 notice of lease termination. 

The op is of Seattle, and every little surrounding city has adopted their own set of rental laws(many following and based on Seattle, Portland, Tacoma, etc.  

The new property's depreciation is based on its value, not what you had in the old one. 

Additionally, I'm based in Michigan, and I would like to know if anyone in the community is familiar with companies or professionals in Michigan who can assist in the process of forming an LLC and managing the legal aspects of transitioning Airbnb properties.Any insights or experiences you can share would be immensely helpful as I navigate this potential transition.

.- Wall color: light gray, satin gloss- Trim color: natural white, semi gloss- Trim type: 6" baseboard- Counter: Quartz, eased edge (https://www.lowes.com/l/quartz-countertops.html), $44sqft "A" class, gray--forget the name, or the beige (Tina really needs to go the Lowes and look at all pieces together.- Backsplash: Picked out already.

The comfortable living area is adorned with stylish finishes and abundant natural light.

Once you have that its just a decision based on numbers. 

The comfortable living area is adorned with stylish finishes and abundant natural light.

Too risky IMHO, especially if it is a tourist driven condo.