It's not a major renovation but the current condition of the property isn't going to allow it to go VA/FHA.

Were you already closed and this is something the title company missed?

What are some of the main things you look for in a great Property Management company?  

I'm guessing the vast majority will not. 

The full guidelines on the Freddie site for LLC are:Permitted Transfers of Ownership subject to conditionsIn situations where all of the following conditions are met, Freddie Mac will permit a Transfer of Ownership of the Mortgaged Premises:-At least 12 months have passed since the Origination Date-The Servicer has complied with all mortgage insurance requirements applicable to the transfer-The transfer is to a limited liability company (LLC) or limited partnership (LP), provided that:The managing member/general partner of the LLC/LP is the original Borrower.

I had an apartment I put on Airbnb & it was lucrative, but the company sold the property and I had to shut it down.

However, finding good liability insurance will be difficult, call your current insurance company of find an experience insurance broker to learn more.

We are in the midst of an exciting period of growth for our property management company.

(PM company is managed by OCF)+ One of my properties was already tenanted.

We do this at my company and it allows the owner of the property separation from the tenant.