We have one property already as our primary home with a plan to buy another house and rent out this one.

Who owns the house, your or the LLC?

Quote from @Daniel Tanasa: Hello Terry, If you're looking to find houses that are in pre-foreclousure you can use a website like www.foreclosure.com and you can get the list of properties and start marketing to them. 

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

I had a client use one for their house hack in salt lake city area and it worked out well!

So I have a house I am going to be selling in a couple weeks, but I’m confused about what the agents are saying.  

Quote from @Scott Vaeth: I purchased a house in South Carolina this past year with the goal of BRRRRing it.

new houses are getting sold for 600K, old houses switched to multiple offer selling model, just like some places in GTA.

Not familiar with those markets, but here is my experience starting at 22 and what I regret after house hacking twice: https://www.biggerpockets.com/forums/922/topics/1133476-hous...

The low down payment house hack is the way to go.