Eager to begin this journey and help tailor a little corner on this forum for this side of the map.

Things to consider and show you it’s not yes or no, but a bunch of considerations tailored to your specific financial position, market and available time etc.

You may want to tailor your repair reserve to the condition of the house, if it was recently renovated, then maybe 5-10k is enough.

Everyone's situation is different, and your tax professional could give you the best advice that is tailored towards your own personal situation. 

They could give you tax advice tailored towards your specific situation. 

When I purchase vacant buildings, I am very eager to get tenants after we rehab so I am usually willing to break up bigger spaces to accommodate multiple smaller tenants.Should I be more patient on waiting for a bigger tenant or can you do well tailoring to small tenants?

This allows for flexibility since each deal / mm-LLC can be tailored for each deal. 

They have handled all sorts of landlord / tenant issue and evictions over the years and their lease will be far superior and tailored to the likes, dislikes of the local courts and judges. 

Was able to tailor the agreement to something much narrower and more representative of what we were doing.

Tailored to their specific business and the way they run it.