LLC has more tax treatment options (taxed as a sub S) and better protection than a land trust, if managed correctly.

My questions to you: (1) are the better avenues than house hacking SFR or (1-4) multifamily properties for me to get started?

There's no such thing as a "deal" when it comes to STRs in the resort towns, but it is a better time than late fall/winter when the ski season is ramping up and the Airbnb market makes it more likely for owners to rent instead of sell.

You're better off starting with something more grounded, like securing funds and getting a few transactions under your belt.

Even better is if you come to them with a personal financial statement, a debt schedule, and a business plan for the purchase (if you haven't identified a property, then what size, location, price you are looking for).

What are you offering that is different or better than anyone else?

This might entail making improvements to curb appeal, kitchens, and bathrooms in order to draw in better renters and raise rents.Long-Term Appreciation: Take into account real estate in communities that may see long-term growth.

Hey Eric, That sounds better than the portfolio loan I was quoted but does it give me the flexibility in the future to sell one of the properties? 

I guess it makes sense that Multi family units will bring in less quality tenants but if you buy it in a better area and it's in better condition I guess you can still bring good enough tenants?

You may benefit better by tagging Little Rock, Arkansas instead of Memphis TN.