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.

If there are any legal issues that I have to worry about etc. 

Since the original loan remains in the seller’s name, you may need a nominee interest allocation to deduct mortgage interest, as the Form 1098 will likely be issued to the seller.

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. 

There are probably a lot of hidden issues wiht the house.

Major employers like JP Morgan and AT&T are pushing for these policies as well, and specifically in the D.C. region, Amazon HQ2, the Washington Metro Area Transit Authority, and the Executive Branch of the government have required all employees to return to work 5 days a week at those locations.Fundamental Lack of Residential SupplyAnother interesting driver of demand is the fundamental lack of supply of housing stock due to the fallout effects of the 2008 housing crisis, slowdowns in housing construction during Covid-19 primarily in 2020, and a good amount of 2021 from supply chain issues, labor shortages, and rising construction costs.

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

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

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