I purchased my primary residence for $100k, put 20% down, and it appraised for $142k upon purchase. 

The caveats are that he would reside in one side and he only wants to reside in the place for 3-5 years. 

The owner & the resident agent of the LLC are the same.

Most people buying a home for their primary residence view homes in the evenings and the weekends.

You cannot use them to sell your primary residenceThere are ways to 'convert' your primary residence to an investment rental, and THEN do a 1031, but it takes time.

Or are the residents responsible for storing the energy and utilizing it for particular appliances and etc?

I still go home pretty often, but I currently reside in Maryland, about 20 mins from D.C.

There is a definition for "in the business" that is not relevant to my question.Here is my question:  What if Larry Landlord owns one single family residence in his own personal name.

This rental is a single family resident.

If you wait until age 59 1/2 or older to take an i-kind distribution of the property, federal taxes will apply,and depending on your state of residence, state taxes may also apply; however the 10% early distribution penalty will not apply.