My lease states tenancy is for residence only, no business of any kind, and no conditions that would effect my normal insurance rates.  

However after you get a cedula and become a resident you can wait for 5 years and ask to become a Panamanian.

Would it be possible for the LLC to sell the investment properties and then 1031 exchange the proceeds into the silent partners primary residence (they do not have a mortgage on their primary res)?  

Don't fix it up to the standard you would want for your own residence. 

Currently residing in Bethel Park.

@David Huynh talk to the residence life or housing department at SCSU (if that's the college you're talking about, of course).Ask them if they would be interested in using your apartment as student housing, or if you could list your apartment with them as available housing.  

(I had one rental property already,  that was originally purchased as a primary residence, but it wasn't making any money.) 

Hey guys,I have a few real estate investing books...but I was wondering if anyone could recommend a book that specifically deals with not "investing" buy more about a newbie buying a used single-family home and the st...

Here's a little background info to help you understand what my question really is: I currently own my Primary Residence outright free and clear which is worth about $150k ..

I currently manage 5 commercial units, 2 mobile properties, and 2 single family residences in polk county.