I have had properties stripped in Memphis as well have to be uber care there and Jackson MS same thing.

Additionally, I’ve been wondering if it might be possible to create an LLC, rent my house to the LLC through a formal contract, and then have the LLC operate the Airbnb.

All your first set of questions can be answered by looking online or calling several local competitors.Your accounting questions though, show such a lack of basic knowledge that you probably shouldn't be doing this until you have more experience.

People forget that you are allowed to enjoy your houses and also make money on them.

A lot of people think they are protected from lawsuits with an LLC.

I am considering BRRR as well as just purchasing a turn key property that cash flows.  

You would want to check local zoning to make sure you could build more than one as a lot goes into that beyond just being close to plumbing, electric, and gas.When you mention "a lot goes into that beyond just being close to plumbing, electric, and gas," what are the top things people tend to overlook when preparing to build ADUs?

I am eager and excited to be here.

These typically cost money.Direct contact: In some cases, you may be able to contact the owner directly by knocking on the door and speaking with them.

This strategy identifies components of the property that can be depreciated over shorter timeframes (e.g., 5, 7, or 15 years instead of the standard 27.5 or 39 years).