I know a couple of lenders that could help you figure out the best moves - one is on the commercial side (5 units and up) and the other is on the residential side (1-4 units) - the latter and I have done over 150 deals together, and I know how he works... taking your info, and goals into consideration, and helping you strategize the best move. 

always invest for short term or long term return and have a strategic non speculative plan of action.

Perhaps even meeting with your neighbors before you launch your strategic plan...they may change their minds.

If you think that I should get an attorney formulate one for me, how much do you think should I expect to pay?

"We are as bullish as ever on the future of Detroit and will continue to invest in properties we believe strategically fit our mission to transform the city."

- and have a ton of time ahead of you...use it to your advantage by getting a solid foundation first, formulate a plan of action based on what you have learned, and this will help point you toward your goal ( you must have a goal!).

I'd like to formulate a similar system and structure, but for buy and hold/flipping. 

I'm looking to duplicate this strategically moving forward.All future investments in the STR market for me will also have to be cash flow positive in a LT strategy as a backup plan, as will equity in them.An often overlooked side benefit of STR is that you've got eyes on your property a couple times a week. 

FAE = franchise AND excise taxesthere is a tax on holdings as well as income in TN.this is the primary reason I believe LLCs in TN should be used strategically.

I'm trying to formulate my goals and get some advice on getting my plan started.