Maybe if you finish everything, but by that time you're all in somewhere in the mid to high 400's, and remember the 5 years worth of payments at $1600 / mo.Lack of future appreciation - I can't imagine you're going to get another 60% appreciation over the next 5 years with a new build.

I intend to purchase another property as well in the not so far future so perhaps stashing the money to plan ahead for this?

The broker I got the loan from has suggested that I create a second llc and sell the home to myself for $185,000, then use the proceeds to get all of my cash back out to use for future deals.

I understand that this journey will not be easy, but I'd rather struggle and work hard towards my future rather than someone else's.

I want to know this as a future renter and future real estate investor/landlord. 

My suggestion is: in the future to refrain from stating the specific amount of funds you will have access to - to protect yourself and your family.

Take control of your financial future use your experience and knowledge.  

Hello group I'm getting started on this new endeavor and need some advice on the best way to find motivated seller lots of ppl say to market myself and yes I'm going to do that...

What was meant by capital gains comment was that right now, I’ve lived here for just over 2 years, so no capital gains, but if I sell in the future, I’d be on my own for closing costs and would have to pay capital gains (after renting the place out). 

With title insurance If any type of encumbrance, lien or other defect to the title is discovered following the transfer of ownership or the placement of a mortgage lien, you are protected..General Warranty Deed is the way to go to avoid future headaches.