That's why I came across turnkey properties for some hand holding as you mentioned.  

Without knowing all of your specifics, I'd say that it's only worth holding on to if you can reasonably expect to have some really good appreciation in the near future (like 5 yrs)....Or, in the case where it would run well as a vacation rental, you could switch the usage, maybe?

I have seen loan products that will let you purchase a mixed use property to live in the residential unit, but that is a specific product and you should consult and expert to see the best option for you and your cash on hand.  

Where is the best place to buy and buy and hold in Middle TN?

These lenders originate their loans and hold them to maturity, like us, or they might sell them one at a time to an investor like you (?).

My main question is should we wait the extra time so we can hold the property longer or should we try and sell this year, take the profit and scale quicker.

Never put all your eggs in one basketread the PPM and documents and have an attorney review understand what your investing in, fees and hold Timeunderatand their track record a lot more to consider those are just a few 

You’re definitely on the right track by planning to open separate bank accounts for each property and the holding company.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I’ve often found that a property’s best path forward isn’t always the most obvious.. sometimes letting go unlocks capital for the next wave of growth, sometimes holding tight after refinancing keeps that reliable monthly boost (from what I’ve heard).I had a friend who snagged a multi-family in a similar price range about a decade ago.. at the time, it felt like a giant step.