STRs can bring great returns but are higher risk and more hands-on, like small-cap stocks, while long-term rentals are stable and predictable, like large-cap investments.

Does anyone have experience exchanging their small multi family property into a single family home, use it as an investment property then move into it as a primary residence after meeting the requirements?

Quote from @Alberick Small: I was thinking of purchasing Lee Arnold's Reverse REO Program, I have read all the horror stories and the many that may have been duped over the years.

I just wanted to see if I could be directed as to how I can get an LLC for my first rental.

But that's the question never answered and always glanced over is what, to what degree, in what direction. 

The only issue I've had is a small period where the laundry pods would always be empty at turnover. 

My suggestion would be to get an investor friendly agent who knows a few local markets and have them guide you in the right direction.

Directly after signing up I called them to make certain I had not signed up for any "subscriptions" or "programs" and was assured I was not.

We are taught to defer to the City zoning departments and to direct buyers to that department for their own due diligence. 

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.