If you're not the only member of LLC B and you. don't own more than 50% of it then you are not a related party to LLC A (as long as LLC A does not have the same members and same distribution).I would guess that chances are these are both single member LLCs. 

Tenant signed a 12-month lease in Chicago at end of March 2021. 

That makes great sense.My only concern is that the property was held jointly with me and the other partner, I took the 121 exemption, and am now owning the property fully through LLC B and doing a 1031...within less than a year.  

§Sales up 6.1% from March of 2020§Average sales price up 10.1%§Average sales price in Jefferson County is $250,555§Medium sales price is $209,998§Inventory down 52.9% from last year!

There were more sales in March than properties remaining on the market.

At these prices they feel more of an appreciation play which doesn’t sit well for me with my risk analysis considering the economic uncertainty and the likely higher cap ex costs of these lower valued older homes in these communities.My thought is to pivot to purchasing in desirable b and a class homes that have a consistent historical appreciation rate (doubled since 2013), but a smaller cash flow rate.

Looking at getting into the Air B and B market in Indy now that the vaccine is opening the area up.

Our market slightly slowed in March 2020, then continued in April 2020 on its normal hot trajectory.

Here are some facts: According to the latest Houston Association of Realtors (HAR) Market Update, single-family home sales jumped 24.4 percent in March with 9,347 units sold versus 7,511 a year earlier.

@Cody Neumann one tenant was then the current landlord had them sign a lease in March.