Having multiple LLCs will not have tax benefits.

Have them agree that they take the house back, your LLC owes nothing and they do NOT report a benefit to the IRS for which you owe taxes. 

Also, it looks like the tenant screening is from transunion(smartmove), what is the benefit of Story here (apart from the initial discount seen)?

I get where y'all are coming from in terms of "be happy you've had a long, stable tenant," and yet I want to point out they have greatly benefited from being in the building this long as well.  

It provides liability protection, and in certain states, you get the added benefit of privacy.

how will turning it into a rental affect your W2 income - are you under the threshold in which you might be able to benefit from passive losses?

Different loans, like those from Freddie Mac and Fannie Mae, DSCR loans, and others such as hard money and bridge loans, each have their own rules and benefits.

It will familiarize you with the basic terminology and benefits.

Once I heard about the “pipeline” incentive to get my $20k “back,” I’d heard enough.My apologies to anyone who may be promoting/backing the company here, but - from its incentive structure, where you benefit, even if not directly - your words are immediately suspect to me.

Sorry for the novel, but I find myself having these conversations over and over and I hope some people can benefit from some different perspective on lending