@Emily Gowen so as you pointed out you would not have to do a 1031 exchange on your current home to avoid the capital gains tax and coupled with what Dave Foster pointed out I think, speaking from experience you would have a high likelihood of success. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Plus with no state income tax, cheap insurance, and very low property taxes, I’m probably starting $20k ahead of most people, and that’s a tax free $20k.).

If you are taking out a conventional mortgage of any kind, you can't buy in the LLC as it does not have two years of tax returns.You are also asking if an entire state is good to buy multifamily, which means you are too soon in the process to even talk about buying.

If you need more guidance, feel free to DM me, and I’ll help point you in the right direction!

So this is creating more competition and more agreesive rent rates and/or concessions like 1 month free to get those vacancies filled.

Shayan,Best option to avoid issues and stay risk free along with having a better approval chance would be to go with a Cash out refinance.

.: Quote from @Joe Villeneuve: Refinancing isn't pulling out cash free. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Ask tostay in the office for 18 months rent free while he buys/builds.M.