Who gets blamed for and/or has to handle the following unique to nonfamily roommates:1) Missing personal possessions?

The FCC rules are here: https://www.fcc.gov/sites/defa... 

The fund allows for money to come in and sometimes go out as needed.

Just transferring it gives you zero protection - the reason why it never comes up is because no one can name ways you get sued when you have a good insurance policy so its a mute pointSo long story short, you are wasting money transferring it to a LLC is my personal non legal non tax opinion.

If you pay the loan off before selling or do a refi and have $1 of equity, it won’t affect your taxable gain. 2) if you stay 2 years you’ll have 14 years of personal use out of 22 years so 63.6% of the gain cane be exempted, up to $500k.

Rents will go up.

But if you have passive income from another rental or real estate syndications, using it now might actually be a good idea.It all comes down to strategy—don’t rush the process just to get tax benefits if it’s going to make financing your next deal harder.

you are in the right place for learning . every day read as much as you can and soak up all the invaluable knowledge here on these posts .

By the time I reach 20% equity (likely 3+ years away), my monthly mortgage payment will come down when I refinance, but $600 is a big hit to the numbers. 

My budget for the property is up to $200K.