If you want to maintain anonymity for your TN rental properties, I recommend using a TN Series LLC that is member-managed by a WY LLC.

I am looking to optimize my funding for three upcoming deals.

I personally like his #3 approach of treating this as two separate transactions because you are maintaining control. 

You will need to continue filing a MO tax return even in loss years.Given the complexity of passive losses and state tax credits, consulting a CPA can help optimize deductions and ensure long-term tax efficiency.This post does not create a CPA-Client relationship.

With a condo it might be less risky because of HOA maintaining the major capital expenditures. 

It takes a little time, but you get to maintain control.

If you prefer to maintain privacy and don’t want your tenants to know you are the property owner, I often recommend a two-entity strategy.

By electing QBI safe harbor, you ensure that your rental activities qualify as a trade or business under §199A, provided you meet the 250-hour material participation rule and maintain proper records.

AI has definitely optimized everyone's productivity.

Be sure to factor in contingencies for unexpected costs during the rehab process and maintain a realistic cash reserve for property management and maintenance.