This one is a big improvement because we'll gain a lot of space, a more "house-like" layout, and a garage, and a third bedroom!

With strong rental demand, affordability, and plenty of value-add opportunities, Birmingham is looking like a solid market for investors.

Drop the address into https://awning.com/airbnb-estimatorIt works like AirDNA.

Like @Ashish Acharya, said there is no holding period and if you're transferring into a disregarded LLC holding period isn't relevant. 

In Charlotte, I'd personally on South End, NoDa, Plaza Midwood, Dilworth, Elizabeth, Uptown, or areas a bit further out like Ballantyne. 

FHA 3.5%.You should talk with a lender like @Jose Valdovinos! 

Your financial background is a huge asset, and it’s great that you’re starting locally in Milwaukee while keeping an eye on future expansion.If you’re looking to connect with like-minded investors, the Rental Property Association of Wisconsin is a fantastic resource for networking with rental portfolio owners, accessing legal resources, and finding contractors. https://www.aasew.org/For mentors, funding sources, and flippers, the Milwaukee REIA is another great group to explore. https://www.milwaukeereia.com/I’m a member of both and find unique value in each—maybe we’ll cross paths at a future meeting!

Loan seasoning requirements are usually based on the note date and the loan purpose, like cashout refi. 

Looks like you guys have a lot of port silt loam, which is NOT a very expansive soil.

Shelf LLCs are pre-established entities like you mentioned in your post.However, if you prefer to avoid setting up shelf LLCs, using land trusts can be a simple and effective alternative.