Again, I believe this would hold true in most urban type markets.Let me know if that helps answer your question or if you have any follow-up questions to this.

Appraisal is a strong background going into this, you've already got a leg up congrats.I'm not in your market but I'm a big fan of all things affordable housing. 

My wife and I did this on our own.

Personally, I find BTRs to be more predictable with fewer ongoing maintenance issues, and they tend to attract high-quality tenants.

I don't need to worry about anything with Umbrella, but for LLC, I need to follow the operation agreement and keep in mind not mixing personal and business bank account.I'd like to know what are your thoughts, and how do you make decision in this case?

The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.

I would also consider MTR in these markets as it is highly profitable with less turnover and more options for guests.

I agree with this.

If you wanted to house hack I would stay where you are at and find one there.

I'm closing on a duplex via creative financing in the next few weeks.