Quote from @Brittany Kelly: Quickest way to put single family home rental into LLC.

If you reduce to $2,300 and are able to fill the property faster, yes, you are "losing" $100 per month, but even at that rate, it would take two whole years to equal the loss of the $2,400 vacancy month.

Adding a single small unit is very expensive development.  

My guess is that you will pay less per month with multifamily than a single family. 7.

Turning a single into 2 units.

Not considering it will take years of perfect rental with no vacancy or capex just to “break even” with where they are today. 

We looked at both single ramp systems where you drive up to the second floor and also multistory. 

South Utah County and the Eagle Mountain area are where I would be buying and specifically new construction and small cheap single-family homes.

I'm also finding that a single large repair can wipe out a whole year of income, making me wonder if cheaper cashflowing properties is the right play. 

I will say though that even in any market, there are sub-markets that you may either want to be in or want to stay away from.