If upfront savings matter, closing personally and transferring later may work, but if long-term protection and simplicity are priorities, paying for an LLC loan upfront is worth considering.

I’m just trying to figure out where to start in terms of figuring out what makes sense.

What are your short term goals? 

It seems like this would have to be some preset terms under employment agreements.

Hello @Timothy Hilario,I think there are benefits to both strategies.If you move out of your apartment and rent it as a mid-term rental, you could see decent cashflow without pulling equity out of the unit.

The smaller one is a great mid term rental right now.  

If that's the case, you'll want to start with a fix and flip (or hold) type of loan, complete your renovations, get it rented out and THEN refinance into a DSCR loan for a long term hold. 

Try not to get locked in too long 4. we're not necessarily looking to go "all out" in terms of theming, but if we did, what kind of revenue does that bring/ROI can you expect, and which Renos for theming are best to do from a cost-benefit analysis, and what do they typically cost?

At the average rent point of Columbus ($1837), I believe the 50% rule is aggressive and your expenses are likely to exceed 50%.https://www.neighborhoodscout.com/oh/columbus/real-estateThe long term appreciation (this century) is average (3.84%) for the US but good for Ohio. 

My long-term goal is to build a portfolio of multifamily rentals while also working as an agent helping investors scale their portfolios.Your experience sounds incredible!