to sell or to rent

[Michelle Brigid]

This is my first post here, so hello everyone. I've been reading through the posts and seems like this is the place to be for RE stuff.

I house hacked my way into my current primary residence, put significant work into renovations, and am ready to move for several reasons. The location of the house is ideal for downtown and the universities and hospitals.

Originally, the plan was to sell and reinvest the proceeds into a few fix and flips. However, the house is not selling, having me consider more than once to rent it out, tap into my equity, and purchase a fixer-upper triplex in another part of town (where I would also live). This would be the beginning of the brrrr method and I would have 3 rentals right away.

My questions are
1. is it better to start an LLC for RE and transfer my existing property into the LLC? 
2. how would it being a business asset impact tapping into the equity? is that just a different type of loan?
3. would it help to tap into the equity as an LLC versus individual if your credit is not great?
4. is turning it into a rental property sensible given that it's been on the market for 4 months now with little action? rather than drastically reducing the price and not profiting much?

I am interested in the LLC for privacy as well as all the other benefits of doing business inside a business, just not sure about transferring my existing property. It's also currently on the market, so assuming I'd take it off the market before any of this.