If you are a year and a half in and own more than a vehicle, you are spending too much and might be (based on my observations of others starting general or specialty contracting companies) just churning money.

Lenders look at the legality of the entity and its a LLC and LLC's according to fannie mae guidelines (if this lender is a fannie lender) would treat this LLC as a partnership.If we are to look at it like a partnership according to FNMA guides then we'd have to hit you for the at the min the property taxes and insurance monthly and at "underwriter discretion," we'd hit you for the mortgage too even if the payment is silent because its considered short term debt (your going to flip/churn the money/profits into other projects).

Churn your inventory (back to that 7-10 year window) but you could sell every 3 years if the market allows and move up to another property, these shorter periods have less of an impact on taxes recapturing the depreciation for a short period. 36 months of rents plus the equity gained.As Jay mentioned, there isn't much you can do with a few hundred dollars, your opportunity costs are high and limited.If you think flipping immediately makes money, get a good property, rent it and sell in 3 or 4 years your profits will be even greater annualized and taxes won't kill you.

Start with basic "credit card churning" - plenty of free resources online - and if you rent, try one of the paid services that report your timely rent payments to the bureaus. 

It is important to note that, under Sec. 1221(a)(1), property is not a capital asset if it is “stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer . . . or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business.”It is key you be able to demonstrate both intent at the time of the transfer, and in activities after, especially if you churn.

I am having "gut churn" a little the more I think about it.

Either approach should have a clawback in case properties churn out.Depending on the book of business, 1 to 2X revenue would be appropriate.  

So that is a metric I am paying close attention to as well as trying to get to PITI and PMI full coverage with some slight amount left over to allocate toward building reserves and hoping this amount builds over time to build that reserve fund up as many of the other positive wheels of real estate hopefully start churning!

Going to set up a separate business checking account + business credit card (I've churned through the decent consumer credit card welcome offers), and start building some business credit history.Thanks everyone for the advice @Rick Pozos @Jeff White @Sean O'Keefe!

At the end of the day, it is your property and if you are severely under market rent, it may be worth it to jack up the rent even if it causes churn if it's going to significantly change your monthly income on the property.