Should I create an LLC in both those states and put them under there? 

Once you determine your WHY, you can create your goals and from your goals create your investing criteria.

It creates an inconvenience for the tenant when they go to their car after a flash flood and the french drain doesn't work well and they are up to their ankles in water trying to get to work, etc.

I was considering getting my MLO license as part of creating my own notes / seller financing (in states I would be licensed in)  and was curious if there were similar setups of mortgage brokers as their was with realtor brokerages.Thanks

Maybe "club" wasn't the best wording for the title, but it wouldn't let me edit the title after I had created it.

You can certainly create an LLC that your tenant would pay monies to but it's the OWNERSHIP of the property that would create the greatest liability threat to you. 

Sounds like I might be creating unnecessary complications / overthinking things

That would be a good way to be able to advertise to family and friends as well as create Facebook ads. 

This creates a taxable event for the individual leaving which they are planning on anyway. 

The property appraised at 12.7m creating a value of 4.5m within 1 year.