We have a mixed use apartment/commercial property for sale where the owner would entertain seller financing.

Today after making improvements to the properties it generates over $2,300 per month in cash flow.

My father did this in Portland on two properties, for elderly people I think. 

You really don't need that LLC until you pay off the property and it's questionable if you need it then as long as you maintain your property and have correct insurance.Yes to wind insurance, not sure about hurricane.I use Foremost STR policy for one property.I am about to switch to USAA (retired Navy) for another because they quoted a policy that was 3k lower than what we have.

Here’s why this market is so ripe:1️⃣ Mom-and-Pop Sell-Offs at Huge DiscountsA lot of these properties have been in the same family for decades, but now the kids aren’t interested in taking over the business or the real estate.

Contact my friends at HomeHop Property Management. www.homehoppm.comTalk to Dan, they have a in house designer, who you can hire. 

I would find properties, submit them to their portal and they would tell me what they would offer when the house was completely remodeled.  

Almost everything can be done virtually these days including many property management functions. 

I get that having a paid off property is very comforting, but to me it's not the best move if you're trying to grow. 20% down and 3% annual appreciation means you're making a 15% return on your downpayment. 

I’m averaging about $350/month with the bookkeeper and we’re working with 8 properties and 31 units and 8 sets of accounts as I have one per property.