That's one of the biggest benefits of house hacking. 

Probably something simple requiring either a adjustment or instructing them on proper use.Tell them you will take a look next time you are at the property.

Are there any tax benefits with notes?

The added benefit is I get a good sense from a wide range of properties are available.

I've learned in the past couple years my mindset has changed from being scared to make mistakes and therefore not acting to acting and being cautious of mistakes and adjusting to them when they appear.

They weren't willing to co-sign...However, after meeting with a local bank who has been good to me, my wife, and our families we were offered the following terms..Yellow: Cash out $205,000 at 5.25% - adjustable rate.

This is one of the greatest tax benefits of real estate investing as it avoids capital gains taxes.

What's the best way to handle this and ideally reap the benefits of the cashflow and sales proceeds but also the benefits of the LLC, if its even worth it....?

haha... think Barclay's Center, which hosts the MTV awards, Williamsburg which is the Mecca of Hipsters before much of other Cities became well known as Hipster havens, tons of Celeberties live here, etc.Basically, Brooklyn had benefitted from the Maturing of Manhattan which became a place of the super wealthy.

I've got a rental to sell so instead of 1031 exchange I'm hoping to reap the benefits of this tax change, we'll see.