I used the calculator and factor in what I believed all the costs were based on due diligence.

Have you factored in other expenses?

If you choose to pay yourself or not that is up to you, but if you are looking to sell these one day it makes sense to factor in the management fees.  

I am a Local Architect who specializes in Residential Remodeling and have a lot of experience working with various municipalities within about a 50 mile radius of Chicago, so I believe I have a good understanding of what to look for a far as the structural integrity and necessary upgrade/work for the properties to be flipped, but I know there are a lot more factors to consider in addition to the construction side of the Fix & Flip.Thanks in advance!

So again, not a reason to sit on your hands and do nothing but this uncertainty should definitely be factored into your calculations. 

Important factors are:The situation causing the sale arose during the time you owned and used your property as your residence.You sold your home not long after the situation arose.You couldn’t have reasonably anticipated the situation when you bought the home.You began to experience significant financial difficulty maintaining the home.The home became significantly less suitable as a main home for you and your family for a specific reason.So, for all the reasons I mentioned in bold above, would it be possible to get out of paying capital gains if I sold? 

reality check though.. while credit is nice its not the determining factor in a HML

At a minimum, either plan to get creative OR factor in additional holding time

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

@Shafi Noss I may not be creative enough, but the issues I see are that large scale MF has a lot more factors to it that needs assessed, and it is never presented in a consistent way.