If I buy my home in Michigan first that cash flows, I can save that money and buy the Florida property as soon as I have enough saved.

If your monthly budget for this type of thing is $100, you're losing money. 

California does charge an $800 fee for the LLC and if it's NOT disregarded to you then you must file a tax return (more money.) 

Since I was brokering the private money loan, I couldn't waive the late fee (which my lender still wanted) and the borrower was upset because ENS wouldn't eat the cost, which was a systems error on their part.

What happens with recapture of that loophole money?

You should always raise your rent if your market supports it.

If you take care of these items consistently you don't have much to worry about & will save time and money better spent being refocused on your real estate business. 

Just factor in for extra time and extra money 

Only problem is, I’d like to get as much of my money out of it as possible.

For example someone trips and falls and hires the "strong arm" to get them "the money they are owed" the strong arm does a quick asset search of what is owned by the property owner (the LLC) and nothing shows up.