A simple holding-operating LLC strategy is what I want, where the Holding LLC contains properties organized into series, and the Operating LLC collects rents.Thanks in advance

Don't buy too expensive of a home and you will be able to do it again next year and turn your first into a rental.

Are there any good resources I should look into to learn more about this process?

Over the last few years, my wife and I have got into real estate investing. 

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Through the eyes of the lender and on paper, you can't say you will be moving into the illegal unit when going through the sale process.

I will definitely look into those programs though!

I am weighing the options of converting my single family home into a rental, verses selling it.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

You said you live in the house, so if it is for personal use only, that might play into the decision, and/or if you have a lot of room in the deal financially and have enough to pay for the higher priced, possibly better GC, that might be part of the decision also.In my experience, higher price doesn't always mean "better," but may mean more attentive and experienced and more and/or better resources (like better sub's, etc).