You can do this once every year.But here's where it gets confusing (but also where the opportunity lies). 

That would be correct if OP's father has made or intends to make an S election for the LLC.Since OP did not specify tax status of the SMLLC, we're left to assume no alternate election was made, and the LLC carries the default tax status: 'Disregarded Entity'.A DRE should not be issuing W-2s or 1099s to its owner as it's effectively dissolved for federal income tax purposes and there's no distinction between the owner and the LLC.

Great learning opportunities and mine actually has free classes with seasoned investors Tuesday's mornings; perhaps yours have something similar.

His kids live there, so we capitalized on the opportunity to spend some real time with them.

At the end of those podcast they ask the person being interview for book recommendations, there is also a post on here somewhere that list all the books mentioned in each podcast.Then when you have a grasp of the type of investing you would like to do buy those books and listen to those podcast.With that being said some of my favorite are: The first is more general the others are Multifamily (can you guess what I picked after going through the podcast)Blue Ocean opportunities by Medawar Wheel Barrow of Profits By Gino BarbaroHow to create lifetime cash flow through MF properties by Rod Khleif (he ask for your email in exchange for the book).....Buying and Selling Apartment Buildings By Berges

Parts of town have been deemed "opportunity zones."

Has anyone created a qualified opportunity fund (QOF) with a corporation or partnership and successfully invested in a Nashville Tennessee or Clarksville TN?

The county always publishes the list of properties it intends to auction, so you’ll be able to confirm if his property ends up on the list.

May be some market data somewhere that will show you where people are intending to move.There is 1 big development going on here, that's The Garrison. https://pencegroup.com/portfolio/the-garrison/Supposed to be shopping, dining, and apartments. 

Thanks Omar I have commercial deals the the opportunity is sexy if they are real