I was never made aware that anyone had a family member pass and if anything I was always understanding to any type of family emergencies, power outtages, etc that happened on numerous occasions.

There are also numerous other factors that contribute to the equation as well, such as the market you're interested in or even unexpected malfunctions that you will need to be prepared for financially. 5k is a great start though.

Ive heard both from numerous different people but would like an opinion from someone more experienced, thanks!

Just the way I do it but can be done numerous ways.

I've seen this happen numerous times in the past. 

I see so many articles about the protective benefits of doing this, but my lender (and other lenders I've asked) say that residential mortgages cannot be held under LLCs (only commercial mortgages can), and that doing so can cause your entire loan to be called at once under penalty of foreclosure. 

I saw an article......"..

I have spoken with numerous people recently who have stated this.

We just sold a 40 unit complex with similar numbers for $10M or $242,000 per door. https://www.costar.com/article/184572665/multifamily-propert...Construction Cost per Square FootThe cost to build an apartment in Oregon varies depending on the type of construction and location.

(https://learn.lofty.ai/en/articles/7025226-sell-equity-in-yo...)I understand I can also sell and do a 1031 - I've successfully done that once, and failed a second time (could not win an offer and ran out of time - had to pay a ton of capital gains tax).