Thanks in advanceAre you asking about obtaining financing for the $230k down payment needed to purchase the property by assuming the existing mortgage note?  

However, there are alternative financing options you can explore for your Short-Term Vacation Rental (STVR) properties:Cash-Out Refinance: This allows you to refinance your existing mortgage and take out some of the equity as cash.

This would be the beginning of the brrrr method and I would have 3 rentals right away.My questions are 1. is it better to start an LLC for RE and transfer my existing property into the LLC? 

We know that in vast majority of markets it's very VERY hard to produce or create new rental inventory because the margins are so razor thin or non-existent. 

It is presented as a liquid that is spread over an existing roof after some preparation.

Still, some exist so keep your wallet at home for these.

The property has an existing long-term tenant and is cash-flowing.

Of course, many other strategies exist, but these are the basics. 

That’s it - no need to modify the existing lease.

The longer you drag this out to save a few more bucks the longer it will be before you can have this occupied and earning you money That’s the mindset that has led to the existence of 400k a year technicians.