my primary home to my LLC (that already contains 11 uniits) without losing my Section 121 benefits (capital gains exclusion)?  

My excitement for investing is growing faster than my savings account so I am hoping to learn even more about creative financing and gain the courage to get out there and start building my portfolio!

Anyone have any insight on this?

Some numbers for your perusal:Purchase price: 70kLand value plus shop 35kMoney this house could easily eat before all is said and done in fixing it $70KValue if we poured $70K into this house  $120-130K todayValue as-is  $55KRent the house could fetch if we dropped $5K into it  $800/moExisting mortgage $622/month pitiCould refinance to a piti of $500/monthI ran a scenario where, if I dropped $10k to stabilize the condition of the house and $25k to convert the garage to a studio apartment (rent for $300), it would be around 10 years before I could break even.Thanks for any advice or insight you can offer as you play the what-if game with me.

Syndications are a way for folks to earn very attractive returns in an asset class like large apts that are hard to gain access to w/o experience, capital and connections.  

Lots of insight. 

Any insight or advice would be appreciated and would like to hear what you with more knowledge in this matter would do,   

@Jim Carson Thanks for the insight, I currently have no debt and I've already met with my mortgage broker in getting ready to purchase in 6 months or so, and I won't have a problem because she said she will count 75% of rental income of property I purchase to help keep qualifying. 

I'm sure you'll be able to provide some SFH insight from your experiences! 

Working with people who are looking to rent is a great way to build your future pipeline up, as well as gain an understanding of the industry.