As for the tax side of the question, your CPA can guide you on the tax benefits and risks before you start the Series LLC, but they should be very involved in your record keeping during the year to make sure you maintain separate records of the Series LLC while they are in operation (read the Texas Series LLC statute regarding record keeping required to maintain separate Series status).

We have a good relationship with the tenants and are trying to get them rental assistance money through the state, which has been a never ending waiting game since early September when we put the application in. 

We did want acreage, although it's not our ideal locationAdvantages - enjoy the acreage, lock in the gains on our current home, let our income grow over the next few years and purchase a "dream" property in a more desirable location.I also believe this would increase our gains significantlyDisadvantages - maintaining acreage, cost of moving and getting a new home built or M/H setup, and having to move in a few more years.

You might want to take a look at my WISH program for down payment assistance as well. 

We have and will rent to first timers as long as we only have to ask for financial stability assistance in one area- being residence history.

New tenants need to be adequately screened, tenant requests and work orders must be addressed promptly, vacant units should be marketed and turned over quickly, and all common area amenities must be maintained.

I reached out to lenders that have assisted clients of mine, my current primary home mortgage lender and two of the big companies.

I read that there's maybe a grant or program out there that could assist this.

Has anyone gone thru this- sold a converted rental to main residence while maintaining more than 1 property and provide some insight/experience? 

Feel free to contact me, I’ll be happy to assist.