I supposed I'd just need to learn how to make the financing work and all.

Is there another way I can structure the deal?

I plan to hodl for the long term

It depends.On the property, the location, purchase price, demand in the location etc.Yes you can make it work but you must do your do diligence and run the numbers.

If the LLC owns a property in a different state, most of the time, the other state will require you register your LLC as a foreign LLC. 

It can be done in smaller towns, but the margins are still very tight.

Raise all $1.6 million at the outset, but call for the capital in stages.

Real estate is one of the most powerful wealth-building vehicles—but only if you know how to play the game. 

With 30 years of residential construction experience and having built several homes in the past few years, I bring a strong foundation in project execution and quality craftsmanship.Right now, I’m seeking lenders to help me unlock home equity for property acquisitions and to expand my portfolio.

If they do, your best bet is a local community bank that funds these types of properties.Another option is a private lender but that money will be pretty expensive, as mentioned 10%  +