Are there conflicting tax issues because the real estate agent is a member of the LLC? 

That GRI does include income for cleaning, taxes etc. though normally, which is really pass through expenses for the most part.

Hi Ian, Because 1031 exchanges are a method of tax deferral, not tax avoidance, you will need to go back and look at the original property's "basis" when estimating your capital gains tax.

“Am I happy enough with what I can make off of this property between cash flow and appreciation and tax benefits that it is worth my while?”

We used tax returns, work bonus payments, any extra money for down payments and for renovation. 

You can take the allocation for the unit you lived in tax free. 

I'm interested in investing in Idaho, but I have zero experience with Idaho taxes (or state income tax at all for that matter).Questions:I've heard that property taxes in Idaho are higher for out of state owners vs. residents (i.e. a house could cost $2K in annual taxes for a resident, but may be $3K for an out-of-state owner).

Conventional mortgages require higher FICO, reserves (money set aside to pay the loan), tax returns...just on that note, they typically won't count any income from the property rents until that money hits your tax returns for 2 years. 

if I could find a deal at $300/month profit after principle, interest, taxes, insurance, and a $100 maintenance reserve I would say it’s worth doing now (ie.

There are 20+ Tax Pros on this forum.