You can in fact get an LLC loan for just one property.  

I would also clarify. 80% of "listing" value can in some cases not be a bargain.

Jacked my interest rate up for a big fat lender credit to cover closing costs.Got $8,000 in lender credit.Paid $120/month more, for six months, because of that higher interest rate.Did a VA IRRRL right at the six month mark (lurkers: this is ONLY for VA loans... call 1-800-Marines and serve for 4 years if you want this).Closing costs on the refi were about $2500.So I got $8,000, but was out [ $120 * 6 + $2500 = $3220 ]. 

You can in any lease stipulate the tenant is responsible for repairs up to $10,000 and even more and that is fine.

Feel free to reach out to me, would love to assist you any way I can in the future.

'BOOKMARK' this on your computer.There is an old Spanish saying ""Only the owner of the horse will make the horse fat" ... with this in mind why would you invest in FL and not near you in Ca? 

If they are comfortable with being in the stock market and 401ks give them the best options that you can in that space.

Who does lawn care, who pays for an exterminator,  HVAC care, how many animals can they have, what kind, go through it with the mentality of yes/no, and put everything and anything you can in the lease.    

There are many sources of information in BP, I'd suggest you to spend as much time as you can in this website to learn.

Sounds like Unit 1 will need about 3k in refreshing.So 120k total for 825 a month.That 825 will cover the cost for the finance, insurance, taxes.But be prepared to write some fat checks.How long you plan on living there?