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? 

(Social security, pension, 401k, etc)It is hard to retire on $350,000 of net worth.Even if that is generating 10% cash flow, you are talking maybe $35,000 which is $17,500 for each person.I personally like the idea of seller financing a home at that point, potentially exclude the gain on sale if it was their personal residence and get a nice interest return.If the house is big, it also allows them to downsize the home when they look for something to rent.

Get an estimate from a GC to get a good idea of what is required.Market Comparables: Check what similar-sized homes with finished basements or additional bedrooms are appraising for in your area.

My agent was a very nice older lady, but no idea about investing, it all worked out and once the first rent checks started coming in started gaining some confidence.

Maybe we can connect sometime soon and brainstorm some ideas.

I like the idea of using a HELOC for value add projects where you can refi in 12 months to pay back your HELOC.

Quote from @Colton Bridges: I honestly have no idea what I’m doing lol.

Got any other ideas or use cases you’d like me to test?

I like the idea of smaller minimum funds.

Haven't heard of it, but why not pitch your idea to a few and see if one is open to doing a one-off?