Contact me if you'd like a lender recommendation.On top of the MACU loan, you can buy a STR as a second residence which only requires 10% down as well.  

Investment Info:Single-family residence buy & hold investment.

There are tons of filters you can use including out of town owners, single family, multi fam, equity percentage…etc. https://www.melissa.com

They just bought it last year, so not much equity, still $760K on the mortgage. 

As these sub single member LLC will be disregarded for the IRS the only tax return will be for holding LLC.The piercing of the company veil is a concept that if you don’t treat your LLC as a separate entity (failure to maintain its documents, registration, commingling of money, not signing as the LLC, etc...) it will show a judge that the LLC was only your alter ego and he would deny any of its liability protection (inside and outside).California is a state that requires that each LLC owned by a resident or doing business in the state has to pay a $800 franchise fee.

So to start likely looking for a separate property from my primary residence.

FHA loans are designed for primary residences and require the borrower to be an individual, not a business entity.

Also, what is the equity in the property?

Investment Info:Condo buy & hold investment.First primary residence (2 bed/ 2 bath condo) located into a desirable part of Southern California.

These will be markets where housing is affordable for both residents and owners.