Lastly, I’d recommend running the numbers for your long-term goals.

I recommend you research the local section 8 program. 

I’d recommend confirming the scope of work and checking with the Tennessee Board for Licensing Contractors to determine if a license is needed for your specific project.

I recommend reviewing your local laws to understand the requirements involved.

This is my practice house because we are building a 4plex (with parking!)

what markets do you recommend to look at? 

@Andrew Slezak I recommend you first articulate precisely the liability events or concern which are pushing you to transfer the property to an LLC.

I would recommend at least $300-$400/month in cash flow after expenses to make this potentially worthwhile on a SFH.

We completed our taxes and got the K-1s out at the beginning of March before the lockdowns started.As far as bad news, best practice is to communicate it along with what you're going to do to minimize or mitigate the impact as much as possible.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?