Another way is to be a guest at a BNI event and since they're in tune with local businesses, they can help you connect with some small business owners looking for leases also. 

It’s fine, if this approach works for you.

Any recommendations on where to find a form or simple letter is fine ?

(I do have a paid off primary residence in ID that I now reside in).I am totally fine with putting $ from the sale into anything that would help defer the tax penalty, even if I wouldn't be able to touch these $ until full retirement age (age 62?

Look at the condo docs to ensure there are no limits on rentals, how it is run and the financials.Pros of a condo include lower property tax than a single family, you don't need to maintain the common areas and there is generally a lower price to entry.Cons if you have a poorly run condo, it can cost you; the condo/HOA fees add up quickly and you can often put that towards mortgage payments and get a single family house, if you have problem tenants, you have problems with neighbours and possible fines.

In real estate, if you work hard, understand your role and treat every deal and person fairly and honestly, you can do just fine in lots of different ways. 

So things that are a red flag for me may be fine for someone more aggressive.

I recently bought and renovated my own live-in flip to the tune of 53% ROI.

I think you should be fine using class for each LLC and if one LLC has more than one property, you can use sub-class.

You need an actual budget based on condition, guesstimates are usually fine, as long as you have a list of itmes they will average out.