Buying new home and ready to rent existing home

[Tyler Kasowski]

Hello BP! My wife and I are ready to upgrade homes and want to keep our existing home for rental income. We have had a considerable about of appreciation(100k) on the home since we bought in 2011. When we do eventually sell it we want to avoid the capital gain taxes on the appreciation. Would it benefit us to transfer it to an LLC before we start renting? Is there anyway to start our tax basis at today's value not 2011 when we bought? Any help is much appreciated. We are very conservative investors and want to know we have. Way out if being landlords doesn't work out.