More information on your specific circumstance will help those knowledgable give you the best advice.I'm not an expert in the legal nuances of rent stabilization however as an NYC appraiser I have to tell you that rent stabilized tenants are a huge hindrance on the value of the property.

Blake, I am a Waco local, have worked as a project estimator for Belfor property restoration, remodeled homes in Waco, and have local insight to great General Contractors as well as specific tradespeople. 

Study flipping very well before you jump in. 

Do we need a guarantor listed as well?

LLC's can sometimes complicate things, just open a bank account for your rentals and use a program like quickbooks to do and manage your books. you could even hire someone for around $100/mo to do this for you as well

These are 1 bedroom/1bath units, 650sq ft, priced under $700 a month so I dont think its competition from the newer buildings that cant afford to price rent so low.We maintain the units very well and have recently renovated a bunch of them with lvp flooring, new cabinets, etc.

Would love to hear everyone's thoughts on this data, I have attached the link as well so you can see where they pulled this from.

You could also instead: get a construction loan and buy a fixer home with no ADU and you build it yourself. usually - I see people buying a home like this for $650k to $700k and then adding the ADU for $100k where you end at $750k to $800k with a well renovated home! 

Since then, I've been working none stop on expanding my knowledge, network and resources.

It can take some effort starting out, but you'll soon gain enough knowledge that it can be done quickly.