.- Does anyone know how to properly structure an LLC?

@Jimmy Suszynski The best idea is to ask your lender you will use....how and if you can do it

I do like to idea of offering move in assistance.

My only experience with real estate is purchasing my first home with FHA in 2020 with the amazing 2.25% and a lot of reading books and blogs to get an idea.

Once you buy you can offer cash for keys or give proper notice and just non-renew. 

Regardless of what you put in you can always pull out with a cash out refinance 6-12 months after the sale.Have you played around with the idea of doing a cash out refinance on the NY home and using the cash as a down payment for the TN property.

The main goal is to build a Corporate Housing Company, and the idea to begin by managing other properties, followed by rental arbitrage, to get lastly to buy properties for such investment. 

@Basit Siddiqi: I realize every thing depends but:Re: Depreciation Only, Generally speaking, if I have an income of $300,000 as a W2is the general idea that if I buy a long term rental at $300,000 and assume that 80% is building, I take $240,000 divided by 27.5 years & I reduce my taxable income by $8,727 ? 

There is a book on the site that goes over rehab estimates and costs but a good idea, this is something I did starting out, is to go down to the local Home Depot/Lowes and start pricing out the cheapest and most expensive "off the shelf" items.

Some agents are better than others so have a good introductory phone call to see how they operate and ensure that expectations are set properly up front.