For you it'd be less risky and less debt to use the 1031 approach. 

Recently DSCR (Debt Service Coverage Ratio) for residential properties has been the talk, you probably have seen most loan officers market the heck out of these in recent months!  

So, right now I am trying to decide if I should start working with Tax Sentry, Inc., a CPA for my business and personal taxes.

Bottom line is that you may put yourself in a situation where the best way to maintain your tax efficiency is to keep your investments foreign for the long term. 

Any current roadblocks including time-to rehab permits being issued, local landlord laws/trends, property tax to rent YoY trends, etc. 

Why not just hold the debt?

Why didn't you simply elect this LLC to be taxed as an s corp, rather then forming a new entity? 

Recently refinanced so 27-28 years to go.25% equity built up at current home valueI'm cash flow negative on cash flow each month (~700-800 per month) because the rent doesn't cover the mortgage, HOA, and property taxes.

Evaluate operating expenses, including property taxes, insurance, utilities, maintenance, property management fees, vacancies, and capital expenditures (CapEx), to ensure accurate estimates.

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