@Jesse Herndon and @Troy Biggs, We are in the process of selling our primary residence and will be full-time RVers as we explore the US for the next year (or more :)  We currently own 4 rental properties and I am wondering if you can offer any advice on liability insurance. 

If you're doing a 2nd mortgage on your primary residence to get the cash for down payment on the new Quad, then you're looking at needing to qualify with DTI unless you find a lender who is a DSCR lender and not a traditional conventional loan lender.  

Purchase price: $255,000 Was originally our primary residence, then life happened and the Navy moved us around the country for a while.

. - Wife and I never made over $150k combined- Buy and hold is the primary strategy- House hacked twice- Took some major hits along the way.

The house was purchased for $200k using a HELOC from my primary residence and part of my savings.

I have used this strategy several times, I buy as a primary residence and keep it as a rental when I buy another house and move a few years later.

One is our primary residence and the other 4 are used as rental properties.

One is our primary residence and the other 4 are used as rental properties.

The property is under their name but I’m thinking of moving it to an LLC (they would still be primary owners of LLC)z  Any strategies anyone would recommend to do this without creating a taxable event?

To prevent interest from being subject to SE tax and keep it classified as portfolio income, you can limit your level of active involvement and ensure the interest is incidental to your business, rather than the primary focus.