The con of this though is that the monthly payment is much higher, thus reducing my cash flow significantly (if anything).Since I am somewhat new to real estate, I know there are more variables to consider like appreciation, or refinancing or HELOC down the road.

@Michael Penny so we refinanced I think in late 2021, so it was a very different environment.

How does moving my property to LLC affect how I can get HELOC, refinancing, selling the house?

Refinanced 2/2022 at 100% leased for $1,275,000 with gross operating income of $16,177.

Which is a subsidized loan that has a recapture payment once the home is sold or refinanced out of a USDA Direct loan. 

Rather than setup LLCs for each property and deal with the added expenses and book keeping,  we just file them on schedule E and I have a butt load of liability coverage.If I keep them,  I might want to restructure as part of the refinancing to reduce my exposure and maybe even set them up so the kids could take over without having to be actively involved. 

Hi David..as long as your operating agreement can demonstrate that you are the owner of the LLC there should be no problem in refinancing out of the HML.

@Ryan KleinTo attain a $3000 monthly cash flow objective in five years, begin with home hacking, then employ financing choices like as refinancing, DSCR loans, and BRRRR techniques.

Also would really like to know if you ever refinanced and if so would you be willing to share the lender. 

Know how you'll repay the loan, whether by selling the property quickly or refinancing with a traditional mortgage.- Focus on the property's potential value.