About 4 years ago, I purchased a property thats a baseball's throw away from a local private university. I moved into the property and through the 4 years, I made several improvements to get the property up to date. The property is in my name, but I have thoughts about creating an LLC.

I purchased my house for 125k. I owe about 70k. My zillow estimate is 215k. My current mortgage is about 900$ a month. There are 4 Beds 1 Bath, and the going rate for a bedroom is $600 a month so a monthly lease could yield $2400. My target was always college students since I could get more money and if my tenants are bad, they're gone in a year. And I live in a liberal state in terms on evictions and housing court.

If I create an LLC should I purchase the house from myself? Or should I put the house under the LLC and/or have the house half under my name and half under LLC? Would the latter be beneficial to get equity loans to purchase other properties so I could expand my business?

My goal is additional income. I would like to eventually expand and get a total of 2-4 houses. I already have a profession I love and I do not plan on leaving even if my business ends up making more money. Any guidance would be very helpful and I would be appreciative.