Its a fairly common strategy.

That's up to your goals and long term strategy.

That will start to help form your strategy.  

I'm coming up with a strategy on building a 2nd unit on my property to where I can convert it as part of the house if I ever plan on selling (which I don't plan to).  

If you're still shopping markets, I'm happy to set up a call to discuss how Memphis could be a good fit for you depending on what strategy you're looking to implement.

Dig into more of why you're investing and if cashflow is the short term goal there are markets and strategies for that, ask anyone investing in the buckeye.

If transferring the property to an LLC, be mindful of the due-on-sale clause, and note that an LLC itself does not offer tax savings unless electing S-Corp status, which is rare for rentals.To maximize tax benefits, consider cost segregation, bonus depreciation, and short-term rental (STR) strategies, which could allow you to offset W-2 income if structured properly.

If not, I would advise researching this strategy.

I learned from Dave, how to talk to potential investors, how to build rapport, how to answer questions and explain the company’s strategy and operations and the secondary mortgage industry.

Most of my client's combine doing short term and mid term rental strategies with their Arizona properties.