(emphasis is mine).My question to you David, and this is an honest, sincere question, is have you or anyone you know tried exercising the "for cause" bail out in your contract and, if so, what happened?

You've benefited from massive appreciation in a short amount of time, and I'm assuming you'd be able to save a lot of money relatively quickly to start building up your portfolio elsewhere, with more of an emphasis on cash flow. 

I am sharing snippet of the relevant section from the Fannie Mae Servicing Guide (section D1-4.1-02), so both sections are can be found in this topic - emphasis on the LLC part is mine (Title is the direct URL link to the entire section on Fannie Mae Servicing Guide).Fannie Mae D1-4.1-02: Allowable Exemptions Due to the Type of TransferA transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) toa relative of the deceased borrower (or, in the case of an inter vivos revocable trust borrower, to a relative of the individual who established the trust), as long as the transferee occupies the property;the spouse, child(ren), parent(s), brother(s) or sister(s), grandparent(s), or grandchild(ren) of the borrower (or, in the case of an inter vivos revocable trust borrower, of the individual who established the trust), as long as the transferee occupies the property;a spouse of the borrower (or, in the case of an inter vivos revocable trust borrower, of the individual who established the trust) under a divorce decree or legal separation agreement or from an incidental property settlement agreement, as long as the transferee will occupy the property;an inter vivos trust (or, if the borrower is an inter vivos revocable trust, into a new trust) provided that the borrower (or the individual who established the original inter vivos revocable trust) will be the beneficiary of the trust and the occupant of the property and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the property.a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.

just to emphasis the impact of a huge emergency fund.

The appraisal you use will be a commercial appraisal with emphasis on the income approach with comparable sales used as an information tool rather than a way to derive value that's useful. 

There was a good presentation on the pros and cons for different financing types, but one emphasis is that DSCR loans that have the greatest flexibility in qualifying and the least hurdles to get deals done in the near term.

I appreciate the emphasis on understanding who the agent represents and their limitations in that capacity, as this clarity is vital in establishing a successful working relationship.Your explanation of the range of information that a member agent can provide, especially when it comes to local market statistics, historical data, and access to property tax information, was incredibly helpful.

Does anyone know of a networking group in Los Angeles/Orange county that you would recommend to take part in that places emphasis on out of state investing?

Presently, our main focus lies in discovering the ideal match for our endeavours, with a particular emphasis on North Carolina, (Charlotte & Raleigh) .

Do not put too much emphasis the terms, unless you plan to keep them and pay them off.