But it only works if it fits your goals.  

. - LLC doc sets are fairly cheap and easy to create these days (with limited assistance from lawyers) and its much much better to have that cover bases on arrangements like this - it will also fit nicely with financing options - whether you take on debt from a lender in a co-equity situation like your first plan (refinance loan to LLC post rehab?)

Let's connect, love to know more about your project and see what program might fit.

I'm confident this is a good fit. 

If it was me, and I found another opportunity, I would cut my losses, especially if you can't fix the physical issues.

Personally, I've seen tenants granted a continued occupancy/renewal of their lease for the following:(1) threatening other tenants/neighbors with physical harm(2) dealing drugs out of the apartment with children residing in the same building(3) discharging a firearm on the premises(4) refusing entry to the landlord/his agent for necessary repairsAnd I am sure there are many other examples of bad behavior that the property owner is powerless to react to.

We have a team physically in the Philippines to gather talent. 

Depending on what your overall budget is and how much you want to be involved in the house, there are many areas of Orlando that would be a good fit.

Make sure these expenses fit into your investment plans and budget.In short, while you don’t have to set up an LLC before buying your first property, it can definitely offer some solid benefits like liability protection, tax flexibility, and a more professional image.

Do your own research and find what fits.