When I look at the equity and the 15% Capital gains tax bracket I would likely be in, I would avoid ~$24,000 in taxes if sold before Aug. 2025.- I am aware of my 1031 options should I want to sell and defer taxes beyond that 3-year date (and would need to continue to do so until death if I wanted to avoid those taxes instead of just defer them). - I believe the current rental situation I have is better than the property warrants.

You can always use a software like Turbo-Tax and follow the prompts.

I believe your loan could get called if you transfer ownership to an LLC without consent of the lender, especially a brand new LLC that does not have two years of tax returns.

Note that the diagram doesn't consider tax implications—that's another important factor you'll need to include in your decision.

Where is the income tax of 49% here?

@Hellen Sut in Michigan, once we have a money judgment, we try to garnish: wages, bank accounts and their state tax refund.

How would an umbrella policy protect against a security deposit related claim?

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

This is tax free. 

I'm looking for referrals for a custodian, tax attorney, and a CPA to set one up and advise me.