To set up your LLCs for tax efficiency and asset protection, consider forming separate LLCs for each purpose (Investment, Property Management, and Short-Term Rentals) to limit liability and manage tax implications.

It seems as if the options for owner-occupiers of three-unit properties are pretty limited, especially if the building has a flat roof. 

However you can still go lead limited which means it's lead free on the inside. 

Allen determined that the no down payment concept would have tremendous appeal to people wanting into real estate but who had limited or no capital to invest.  

Done right, college gives you tools to earn a much better living, doing something you enjoy doing, and expands your mind and thought process to improve your critical thinking and reasoning and realizing there's a whole lot to life, more than you'll ever be able to experience in your limited lifespan.2.

I myself started in international banking; shortly thereafter decided that the income potential of banking was too limited with the “climb” too slow and the corporate culture too limiting.  

Then if you are only looking for cosmetic flips then you limit your targets and increase competition because every wannabe HGTV, realtor, interior designer, contractor, handyman is looking for the same easy flip.Its doable but lots of strategy and organization, hustle. 

Since it's located in the country far away from city limits, we didn't have to worry about local laws.

If isolated town will include people outside city limits.  

But now that you say that, Its not a bad idea really.I did it on a couple early on in sfh buying but was limited because i was working full time in IT.