Assuming you are both working and the rentals are long-term, rental losses up to $25,000 can offset W-2 income if your MAGI is under $150,000, with excess losses carried forward.This post does not create a CPA-Client relationship.

So I wonder if I can sell my home in Idaho, purchase the new one under my personal name, then how many months or years must pass before I can setup an LLC as the owner of my primary residence, or if you think that will be a good idea? 

I don't want to refinance because my current rate is under 5% and doing so ruins the cash flow I've got right now.

I continue making the underlying mortgage payment myself (autopay) and get reimbursed from the borrowers payment.

I want to start building my own homes in Charlotte under my GC license and to start I was thinking of building a home for my wife and myself to start things off.

AND it's recommended to layer in longer term monthly type of payments, like rentals.

Over priced, layout is awkward, junky neighbors, back on market/under contract multiple times, bad photos, bad timing(got buried from other listings, weather occurrence, etc). 

Also, keep in mind that if you do form an LLC, you'll want to keep these under your EIN, not your SSN.Bank AccountCredit CardTitleLoanBookkeeping Ledger

I understand that they operate in real estate under one of a few exemptions from registering as a security with the SEC.

And my only asset is that I am under 30, single and can move to any place to make my dream come true.