Many of those issues you probably have not even considered.Meanwhile, assuming you are 50/50 with your partner (a Pandora's box itself), I recommend these steps:each of you transfer $50k from LLC A into your respective personal bank accountseach of you contribute $50k from your personal accounts into the LLC B accountLLC B uses these funds for the property acquisitionIt should not trigger any taxes, under normal circumstances.

A transfer to an LLC will trigger the clause and should therefore be avoided, even though banks are hesitant to ever foreclose as long as the note is being paid.

I’ve done countless hours of reading, researching, etc. and now I’m ready to pull the trigger.  

(Back story) I am set to partner with a local (CT) hair salon owner who has been a tenant for 20 years.

Pull the trigger and make it happen!

Run your analysis, if the exit strategy fits the current pro forma then pull the trigger

I’m incredibly interested in flipping, in fact I’ve already found a property that would be a great flip but I’m not ready to pull the trigger just quite yet.

I got an elevation certificate (costs $250-$400 where I live) and my flood insurance dropped by almost 2/3rds. down to just a hair or so above $700/year.

This can trigger an investigation into the insurance company's policies if they don't provide an allowance for emotional support animals etc.

Check with a CPA of course, but I don’t believe an LLC conversion would trigger a tax issue.