I haven't been this excited about an opportunity since basic training!

This basically says you have to have other responsibilities other than selling securities and you can't take a commission.

Another thing to consider is getting a portfolio loan, basically, you would transfer all of your remaining properties to a single note (looks like five units) and then have that loan under an LLC (portfolio lenders tend to accommodate that). 

While a bit dated, this will allow you get an understanding of the basics so you can be informed of the right questions to ask when meeting with a tax professional. 

My basic goal is simple.

Basic details: If selling, we were going to take about $90k equity and take that to our new home. 

Seems to me that any basic lease should cover renewals, notices, etc...

This is a basic layout of what's happening in my head, but I'm wondering if I'm oversimplifying things:At Year 0:Value - $150,000Debt - $100,000Equity - $50,000At Year 1:Value - $156,000 (assuming 4% appreciation)Debt - $98,653 (30 yr. @ 5.50%)Equity - $57,347At Year 2:Value - $162,240 (again assuming 4% appreciation)Debt - $97,230Equity - $65,010My question is, is it possible at the end of year 2 to expect to be able to cash-out refi at ~80% of the equity ($52,008) I have in the property and recoup my original investment?

Basically - what would you do in my situation?

They basically just sit on your books until you acquire the property, at which point they'll be added to your basis and depreciated.Forming an LLC won't change that and @Jeremy England is right - all too often, I see people form LLCs and pay the annual fees and what not for a year (or even longer) before actually acquiring a property.