Tenant was acquired with property upon closing(they have lived in their unit for 2+ years with on time payments).

Happy New Year and if you need any assistance acquiring property on O'ahu, contact me at any time - I am here to serve you.  

Buying with an LLC is a great way to safeguard yourself and your property, highly recommended, however, if you’re purchasing through an LLC that was not formed specifically for the purposes of acquiring your investment property, ensure you own more than 50% as LLCs can get complicated with multiple equal shareholders.

Your credit score will be worth improving to acquire better financing options.

My plan would be use the 401k kind of like a hard money loan where I'd acquire the property, rehab it, then refinance long term, pay off the 401k loan and get it rented.

I am using a conventional FHA loan to acquire the property.

I acquired my first home in Massachusetts, renovated it for myself thinking I would stay for a long time yet ended up moving to WA state.

I would acquire in cash and then refi into longer funding. #4.

Quote from @Blake Dailey: So excited to announce to the community that as of last month, I acquired my largest deal to date which is a 130-Unit Hotel and Resort in the Smoky Mountains of Tennessee!

@Derek Heinz you might be better off finding a major fixer-upper, getting a hard money loan (HML) to acquire it.