Looking forward to exchanging ideas and experiences!

Regarding getting started, I recommend finding an STR owner who's overwhelmed or just worn out with managing their property, and perhaps who's also not using a dynamic pricing tool, and then offering to manage it for a very small cost. 

You could start with your agent or a local agent who supports investors and could have contacts to refer to you.Lastly, you could consider negotiating with a local PM to take on a hybrid approach to management.  

Any ideas on what I should do with 500k in equity?

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? 

Just an idea that I'm a little surprised more out of town owners haven't done..

@Erik Sandersmaybe someday but not when starting out. 

I don't know a single person who regrets starting out with a quad and house hacking.

If so, then you can start looking for another one. 

Do you have an idea of the total tax credits?