If you use it as it is intended, yes it will out perform a lower fixed rate 30 year mortgage.

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I'll be performing the BRRRR within the single-member LLC, so that will be my primary LOC.  

Repeat this strategy every couple years.If you really don't want to buy a primary residence and instead you want to buy an investment property then I would recommend a new build in Casa Grande for under $300k, this will require a 25% down payment and buying the rate down a little to break even on cash flow, but will be a very easy first rental property as it will be brand new and will not require any cap ex for many years and by the time it does require cap ex you will have raised the rent and gained enough equity to do a cash out refinance.

In terms of getting into apartment complexes and large transactions - it's much easier than you think.Real estate is filled with opportunities to deploy capital, but in the same time is filled with fast-talking snake oil men that will happily take your money towards a "fund" so you own a portion of a large portfolio... only to find out the fund's performance is below par, your money is locked out, and the only person making money is the fund manager from the management fee they've locked you into. 

Your best bet is to get a high-performing real estate agent to market your property for you.

My worry is that since this is a brand new LLC that will take ownership of the property, it could cause a problem since there's no history with the LLC?

So the developers have performed some interesting magic- they’ve sold condos to people who cannot hope to profit on the cash flow.

I really like to keep a close watch on my investments and living within access to them is the best way to insure the property performs to my standards. 

Traditionally, DSCR loans that allowed STR have always wanted DSCR to be calculated on long term rental rates OR 12 months of actual performance or some heavily hair cutted version of Air DNA and all of these products would price gauge on rate.