I want to confirm that you realize that this means you are likely to be kicked out of the house in about 4 months.  

One thing he cautioned me on was that when we do the 1031 the new property will also have to be owned by the LLC which means that he will not be able to offer a fixed rate mortgage on it.

Because Saturday and Sunday only amounted to two days, and you would have no business-related activities on these days, the fact that you had to stay until/through Monday to finish the seminar, still means that majority of the time there was spent on deductible activities - thus whole trip, including air and hotel is deductible.

I mean it is in a really good area.

This usually means the tenants store the existing appliances in the basement or garage for the duration of their tenancy. 

I am not a financial whiz or a commercial giant by any means, only that I know if we sell this property, the buyer is going condo route, so why couldn't I go that route.I am guessing my biggest mountain at the moment is how could I even possibly get financing for a 30-40 unit complex since in theory we are talking in the multi millions.  

Two means of egress/ceiling height/window height etc....should be correct.  

It doesn't mean that the or appraiser will agree with you!

A year long lease means you are stuck with them as long as they are paying rent.

That means they are allowing you to access UP TO 80% of your equity on a value that's already 5-10% lower than what its really worth.