Along with that you purchased at a decent price, cheap rates so your mortgage should not be expensive.

The downer is that financing through an LLC would mean “commercial loan” which has a high interest rate of nearly 9% in today’s high rate environment.

I'd try to get a 6-month lease at a below-market rate to attract a tenant.

After buying this house, I partnered with others to invest in a duplex in the Wichita area.At the moment, I’m living in Tennessee, and I’m weighing two options: either selling my house and using the proceeds to buy a duplex in Overland Park or Wichita with my partners, or keeping the house for another 3 years, transferring it to our LLC, and renting out the entire property to maximize its rental potential ( $1400-$1600 ) I currently owe $200k on the property with a 6.5% interest rate, and my monthly payment is between ($1,700-$1800).

As Ko Kashiwagi says, we need to know more, such as rate, amortization, term.

Higher turnover rate of tenant2.

Rising interest rates, slim margins, and unexpected costs can kill a deal fast.

Utah has some of the cheapest tax and insurance rates, but their rent to price ratio is horrible and rents don't keep up with housing increases like they do here. 

The interest rates are terrible. 

As of this morning, WSJ Prime is 7.75%, so I would expect the rate to be over 8% at the very least.