So what they do is sell and either buy a property of equal or greater value that needs improvement like you're contemplating. 

That along with some hard work and one day not too far you’ll find yourself contemplating what to do with your extra time.

Others have been doing it for a few years and are contemplating spending some months abroad because, well, they can and why not. 

That's basically what I was contemplating about.

If we stay in Nashville,  I'm contemplating selling our house now to better set us up for a house hack, if we don't end up finding a buy and hold further out. 

We are contemplating moving to the area, my wife and I are going to Texas in February to check out the area. 

@Kevin LefeuvreI like this discussion as I am contemplating the same issue right now. 

Here is something you might want to read:DEFICIT RESTORATION OBLIGATIONS IN LLC OPERATING AGREEMENTShttps://www.slctaxattorney.com/2015/04/29/deficit-...It addresses some of the issues that people contemplating the use of (multi member) LLCs might want to consider.  

They thought I might be a good person to touch base with, considering they were contemplating new markets, and I am a realtor / property manager.

If it is that house i was contemplating it prior to The flood.