If my new monthly payments are still below what the market rents are, id probably pull the trigger and save cash to buy another primary and rent out the existing.

In my case it does, so I pulled the trigger. 

Funny enough (and very relevant to this thread), I was seriously looking into OOS investing in PGH for a while (had a local agent checking properties, and got very close to making an offer on a small portfolio), but never quite pulled the trigger (in part because of one of the problems I mentioned in my post--it's hard to assemble a team of boots on the ground from the other side of the country!

If you have access access to an 'Asset Protection Attorney" (Local), this is a good question to ask him/her.And also be sure to ask your tax person about the cost for maintaining either structure (accounting, tax, quarterly filings, etc...).Everyone always wants 'The Best", but (for instance) a Rolls Royce is considered one of the best, and it COSTS a lot more then a "Used Camrey".Getting expert advice on your personal situation is always best, vs just winging it based on someones response to an internet post.That being said, a Living Trust can own an LLC, but if that setup triggers an added tax return or two, IRS State and Local ($$$) is it the best choice.Which cuts down a tree better; a chainsaw, or a beaver?

I would explore accessing equity within the home or your rental prior to triggering a sale.

This will trigger a bunch of things that could be costly to change.  

I'm not an expert, I just know there are some rules that you should research before pulling the trigger.  

If title changes ownership names then it triggers a taxable event.

Mortgage rates are starting to come down so it will trigger a seller's market with multiple Bids/Offers so be prepared.

I doubt your reading comprehension is poor, I bet your sensitivity is high and this got you triggered.