Overcrowding can strain plumbing, electrical systems, and air conditioning, leading to expensive maintenance issues.

I'm looking at small multifamiles and won't have an issue with capital thankfully.I am in Arkansas and looking to stay local-ish initially.

I doubt if you'll have any issue with your hold period since it is all about your intent anyway.

Cleanliness may be the biggest issue with common kitchens.

The challenge with S8 in this scenario is you always have a piano over your head and all a tenant has to do is call the code office to create an issue for you. 

It's usually best to talk with your neighbors about your plans and get their support as one of the variance tests is that the requested relief does not cause a public health issue or alter the essential character of the neighborhood.Try googling "tests for a variance in [your state]" and talk with your local zoning department.

I think that's a great approach I have a lot of clients who self manage have no issues at all.  

What issues would there be if I put MY NC house in the LLC that has his name and my name on it?

Since you’re considering converting the upper unit into a short-term rental, you may also want to implement strict rules around smoking or strong odors in your house rules to avoid future issues.

I hope this is a smooth process and I can remove them without any issues.