Now the neighborhood only allows three unrelated persons in each house.

Other than lending limitations, I can't think of any cons - always better to have clean, segregated bookkeeping and general separation between what is "business" vs. what is personal.

This is not legal advice, just friendly information.An LLC is like a new person.

This is not my company, so it's honestly just coming from personal experience. 

Why would you want to move the deal into your personal name?

First thing to understand, St Cloud area has a significant % point of rental units too ownership far above state average, with that knowledge at hand know regulations were far more relaxed for some time, and than a few persons came into the market and took advantage of that freedom and in short created a situation that forced the city into action, it's just that simple.

If you property manager still says No maybe because they dont’ actually know the process they are relying on another person in their team to help them out.  

The bottom line is you shouldn't use any of these strategies without proper education or hiring a competent person to guide you AND you should have the ability to reposition the debt IF the sellers lender calls the loan due.

You can see if their coaching/personality style speaks to you. 

But it sounds like you personally own both properties.