I'm scared of how much my insurance will go up after the LA fires but there is a cap with CA regulations and also being dropped. 

The cashflow should cove ALL of the expenses for the primary (mortgage, taxes, insurance, utilities, etc) AND put money in their pocket.

I asked specifically about transfer in PA from personal ownership to LLC...so maybe it not considered a "sale".Thanks for the input on the personal loan vs LLC, this is what I was unsure of as my name would be tagged to the property via the conventional loan document. 

Confirm that the IRA LLC provider will prepare all of the documents needed to not only form the LLC (articles of organization, SS-4 to obtain an EIN) but also the documents needed by the trust company to process the investment of IRA funds in the LLC.3.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Enough immediate cashflow to balance out the mortgage, taxes and insurance.

Is $107k your true net, or do you have any other expenses (mortgage, taxes, lodging taxes and fees, insurance, utilities, landscaping, WiFi, etc.)?

Also you should inquire with insurance agents about the cost to insure.

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.Specifically, I’m curious about renting out individual rooms and living on my own for a little while.