I would vote for situation #3If they really want it THAT BAD, they can buy it, YOU put it in so that you know they did not mess anything up, but it stays after they leave.

Are there important considerations for having a manager managed LLC (as the only manager) vs a single member LLC specific to 1) real estate buying and holding,  2) for tax filing (E.g., as a disregarded entity) or 3) for how you represent your LLC (e.g., what title you can use to sign off) if you have a manager managed LLC as the only manager vs having a single member LLC?

For CA investors the proximity to Nevada, landlord friendly, low property taxes and easy to get to Reno from the Bay Area make it a good spot.

A solid appreciation market, strong tech and manufacturing growth, landlord friendly and low property taxes.

Given your situation, tapping into the equity through a HELOC could be a smart move, allowing you to access capital for new investments without selling off your current assets.That being said, considering your stable cash flow and existing portfolio, a DSCR loan could also be valuable.

2.Also, are there any tax advantages if I keep current LLC and just remove the members? 

I did bonus depreciation on both properties Will I need to worry about paying the taxes back if I 1031 into LTRs?

In most recent cases, buyers are STILL purchasing properties with similar situations especially since inventory is so low.Assuming property location has decent demand AND your home is priced strategically when it hits the market, I'd say you do not need to obtain permits/COs.Are there any violations, open permits or complaints associated with these additions to the property?

You've built something up to the point where you don't want to lose it, and house hacking is a phenomenal entry point with incredible tax benefits. 

All investors I am new individual in this market and would like to learn real estate investment.offset my W2 taxes