Even if you move out, you can still cashflow +As for single family or multifamily, you can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Would I have to move the money into my original LLC checking account at some point?

So I am not the smartest person and some of the helpful replies in previous posts was above my mental capacity.My situationI own a home (homesteaded in FL) and have 2 roommates which help pay the bills.numbers - mortgage left 155k, home value 330k, current interest rate 4.125% on conventional with 24 yrs left on a 30 yrmonthly payment with HOA $1600 pcmI am wanting to either1) turn this primary residence into an LLC and purchase another property to move into and start the process again with the aim being to rent my current house out on an annual 12 month lease for at least 2 - 3 years as I was told that as long as I lived in it 2 out of 5 years I can then sell without paying capital gains (though this confused me and anyone wanting to teach this to me like im 5 years old would be greatly appreciated).

This way, we have funds available should we need them for said eviction, move outs, etc. 

You can screen tenants with a variety of services online; I like to use my smart move, but there are several others.

If below 1.5, will likely to keep renting out with main house and ADU separately, around 7 k/mo.If I sell it, will likely just pay the long term capital gain tax.Quote from @Wilson Lau: Competition is definitely high on the buy side, and I see more and more buyers coming in as we approach the summer season.

When the previous tenant moved out: NO COMMENT.

Backstory: My husband and I are looking for our second house hack after moving to a new area.

@Denise Evans If the heirs have not taken action to move the title into an estate, or to transfer to an heir, how is the state supposed to know the person is deceased? 

Your renovation money is separate, usually, from your purchase price and gets doled out in four draws.