When I would get to the refinancing part, how does this work in my favor in terms of getting money out of this investment and moving onto another one? 

The costs of starting an LLC vary depending on the locationI personally think putting your investment property in an LLC is a great move for protection. 

For example, your tenant will change their cat's environment by moving to your apartment.

There is also potential for an ADU in the large backyard, but I will buy another rental property before moving forward with an ADU plan.

The local who lives there but commutes 30-60 min to another community because they can’t find a job to support their family in their town.That same local knows that a 4plex would be great on that lot that’s been vacant for 20 years and that there are at least 4 families who could benefit greatly from that development.That local knows that Ryan’s plumbing and Katie’s electrical companies that service 75% of the town really needs a new flex space to use as a shop, storage, and parking for their business so that they aren’t working out of their garage and can hire a couple of locals to work with them at the office and in the field.Development is different in our small towns but if locals aren’t the ones doing it, and developers aren’t coming, what happens to our kids futures?

The actual mechanism for moving the LLC would be best to consult an attorney or tax professional.

Working on finding a local agent and management company.

Move tenants in immediately and same tenants are still there.

We have been around the bigger pockets community for over a decade now and have more 5 star reviews on bigger pockets than any company on this website in any industry (>270 5 Star reviews).

People are often looking to move within weeks.