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? 

If you want to think about it as a math problem, it’s all about where you put your time to maximize returns while also factoring in what you enjoy doing.Picking the MarketI’m the kind of person who gets analysis paralysis.

Quote from @John Friendas Quote from @Patrick Roberts: If you are on the note or personally guarantee the debt, then it will affect the liability side of DTI, regardless of whether the lender reports the loan on your personal credit.

Either way, you are taking the RIGHT steps, you have the desire; that’s obvious.  

Personal guarantees are EXTREMELY common.

The property is insured on your behalf, personally. 

Value was added by leveraging the property’s desirable location and Erika’s deep market knowledge.

Best,WilliamThis introduction highlights your enthusiasm, transparency about your experience level, and desire to connect with others while establishing your goals.

Would a HELOC or home equity loan on my personal home be a good idea to fund this?  

So, things change a bit.If it is his personal home, there are more restrictions.For an investment property, if you take over his financing, read through the deed of trust (mortgage) and see how they handle transfer of ownership.