In terms of cash flow, depending on the market you are interested in.

You should consult with an attorney in your state to make sure that you are using the best asset protection strategy for your situation.Your budget: The cost of asset protection can vary depending on the type of protection that you choose.

With hard money lenders, it depends on them. 

Once a home has been vacant for between 30-60 days (# of days depends on insurance carrier) the insurance on the property is gets reduced drastically. 

I guess it depends on the equity.

If you would have purchased with financing doable depending on how the numbers look.

This is however depend on the area you are investing in.

@Michael Plante, It depends on whether 123 Elm LLC is a regarded or disregarded entity and whether or not the new LLC will be regarded or disregarded. 

This depends on the local MLS so I can only speak for mine but the way it works here is you get a discount on MLS dues if you are a Realtor/ NAR member.

But if you're looking to beat rent, get *closer* to breakeven or even cashflow (depending on rent strategy) then definitely check these out and reach out anytime with questions.