Here are some details about the property.Price: 480kAge: 1986Rent: 1100 ~ 1200/unitCoC: 3%CAP: 7%I am a first time buyer and house hacker so any insight are appreciated.

At this time remodels are not in the cards but i have looked at possibilities for the future.

We've got a large 3 bedroom cabin with somewhat conservative rental projections for sale that I think if people actually saw all the returns on the investment over time, it would be a no brainer.

Been doing fix and flips for some time How did you find this deal and how did you negotiate it?

Your personal income, employment history and DTI is not relevant with this loan type. 

However, if you as the owner are moving in, that would be a valid reason, so long as you give them ample notice time -- 60 or 90 days I think, depending on how long they've occupied.As for the other tenants, if this is their first lease term and they've lived there for less than a year, you can simply give them a non-renewal 60 days in advance of the end of their lease. 

When do you think might be a good time to transfer properties into an LLC or S-Corp?

So even if you can make a little more, it will cost you more in time and energy.

First time encountering this scenario so I appreciate any advice

Lots of times, because the loan amount is so small, they will charge extra points to pad their fee.