You will need 6 months worth of the payment (including taxes, insurance, HOA) in liquid assets to show an underwriter.Now with doing a rental agreement, do I need to have tenants living in the home first or new prospects lined up before the underwriting? 

Fortunately I stopped borrowing on bridge debt a very long time ago so I've managed to avoid some of the distress you are seeing today as these bridge loans are maturing. 

However, in California, each LLC incurs an $800 annual franchise tax plus gross receipts fees if revenue exceeds $250,000, and property insurance may cost more.

The contributions are lower so it takes a while to build, but once you do, it's tax-free investing. 

Unfortunately experience means you've made some costly mistakes :-) So, to avoid those costly mistakes, when I take on a new approach in investing, I buddy up with someone that already has experience doing them.

The actual mechanism for moving the LLC would be best to consult an attorney or tax professional.

My question is do I have to recapture all the depreciation for tax in 2025?

My net number is rental income minus expenses(3 mortgages, paying power bill at all three houses, property tax, insurance, internet in two properties).

Detailed recordkeeping is crucial to avoid pitfalls.

You know a similar thing happened in Kansas City (more specifically Jackson County, MO) regarding property taxes in 2023.