And assuming a 0% return on the $200k you could have in the bank earning $10k/year if you sold. 

If someone injures themselves and sues, they will be suing the LLC and not you personally.

You’re still going to be personally sued when something goes wrong. 

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

Don't talk yourself into a place because of personal use.Buying a $475k condo that brings in 35k in gross rental income will lose a lot of money.

Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.

Probably not a good person to hire, maybe let your bosses know. 

And what if the one person you didn't check has a criminal background, has collections, and more?

Private money and personal funds.