If your children decide to sell it (you can't predict the future), they will likely face steep capital gains tax. 

Or if you heard about them but decided not to work with them for xyz reason, I'd interested in that too. 

In many cases, it weakens the lender's position as they did not underwrite the buyer and an owner-occupant tends to pay better than non-owner-occupants.

This was months ago and family member has lawyered up to see what’s going on we did continue working until we ran out of credit card figuring once the money is released we could just pay off the cards but the money is still on hold Back in October we decided that money does not exist and started applying for hard money loan/speaking to lenders and have gotten nowhere.

So I wonder if I can sell my home in Idaho, purchase the new one under my personal name, then how many months or years must pass before I can setup an LLC as the owner of my primary residence, or if you think that will be a good idea? 

You can get the "owners of multiple properties" list in DealMachine, and also DealMachine has pierced the corporate veil!

It sat on the market and dropped in price a couple more times at which point we decided to make a new offer.

Here are a few quick FAQs that can help you decide how much you should prioritize staging as you prep for your move.What Is Home Staging?

Owner occupied loans have allowed us to purchase properties in markets with heavy appreciation, and potential for huge rent increases.

Before we sold it we hired a management company to reduce the burden, but even then we decided to sell and walk away.