Part of this was from years of differed maintenance.

If a partnership turns into a single member LLC due to a partner leaving, a new EIN is required but how would a business still keep the branding of their original name if creating an EIN requires a different name?

As you're beginning to research the different markets out there that meet your criteria, look to see if you have any boots on ground in t those areas who can help you with the long distance investing! 

My answer for consumer clients is different. 

All 3 typically have different requirements. 

I can give you a list of zoning designations that allow multifamily in both Escambia county and in Pensacola city limits(they are different), if you are interested just shoot me a message. 

Local real estate market dynamics might be different  in different places.

I'm curious to hear from a distance investor (or multiple states property owner), or Lenders that are familiar with this matter that should I form 2 different LLCs in 2 different states?

I know banks hold money when approved for loans but that is different than me.

There are several different options, not sure about 7% but there are some options to off set the rate to reduce interest.