There are many lenders that will not do loans to LLC entities . 

Va loan

Both rentals are in my wife's name since she had the W2 income to get the loan.

And finally, of course, the last option is to just keep saving and waiting until you can afford the house you want.

They protect you and the final buyer. 

We're a real estate fund administrator and most of our clients that have many SFR properties will hold them in just a handful of LLCs and the determination or whether a new one is needed is typically based on the lender providing them with a blanket loan/LOC.

My outstanding loan balance is 163K @ 3.5%I calculated that I'd clear 900/mo after expenses.I was planning to buy my new house for cash, but with the market where I'm moving/buying I'm having to go about 100K over what I was planning, so I'm taking out a 50K loan for that property.

Since last year of November, Fannie and Freddie has allowed borrowers to put min 5% down for conventional loans and being able to invest multifamily up to 4units.

Purchased awhile back, and loan fully paid off in 2028.

Lender needs to do loan modification but they have to stretch it to three years or more.