If you do not turn in a 45 day identification list your exchange dies on day 46 and you get your proceeds back.  

So, you would do the filings with the CA secretary of state to create the LLC, fill out a form with IRS to get an EIN (employer identification number, the equivalent of a SSN for an entity) and then go to a bank and open a checking account.

Chances are you can just refi later when the V in your LTV goes up thru appreciation.  

It doesn't mean that nothing bad will happen: I think setting all your bank accounts with double identification is recommended as Mint just read data and anyone wanting to login for transactions will have to pass the double-identification.

However few sure things that will happen:- we will become nation of renter because The Fed is printing money and those money goes to the stock market and ultimately real estate- 1% Market in Alabama and STL will be sure going to be 0.8% market in next few years, there're already changes compare to a year ago before covid (before massive low interest rate in history)- In your Orlando market, up until 2015, the typical R/V in your market is 0.8;  today it is 0.6-0.7 with affordability index of 31%.

It's free to do.http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online

The new occupant would have to show utility bills in their name, receive mail in their name at that address and have that address on their identification.

If they are requiring you to submit a DL or other identification (which is very common), I can't see a problem you doing the same request for them. 

Instead, applications should include prior landlord references, employment history/income, and identification documents.

From a financial perspective, our primary attention is given at all times to the identification of undervalued properties, preferably substantially undervalued properties.