Currently an LTR for $2400/month.

Take a look at the financials to determine how the park is currently running, and then do an initial walkthrough so you know what you have.

Should I get a new LLC, or is my current LLC ok to qualify for a business purpose loan for this restaurant? 

Our underwriting focuses on the quality of the deal, relative to current value and arv of the property. 

Currently own 3 doors in 32205

I think Southern California (my area) is precisely the "most affected" area of which you speak, hence the trepidation of engaging in current flips. 

With current rates around 7%, shouldn't there be an opportunity to purchase properties that were bought with adjustable-Rate Mortgages (ARMs) at 3% in past 5-10 years that are hitting their reset period this year 2024 or in 2025?

This in turn led me to screening speakers (which is how I learned about notes) and even met my business partners who I started my current company I still own today.I still go to REIAs when I can (I just spoke at South Jersey REIA) and not sure anything virtual compares.

With the current market, I will not be able to make my required cash flow after paying all operating cost including mortgage, vacancy, property tax, insurances, maintenance cost, no need for a property manager because I can manage it.

Currently owe $255k.- Mortgage rate is 6.125%.- Lived in it for a year, then moved out to rent elsewhere (where I currently live).- Rent was $1,750/month, but the mortgage was $1,900/month, plus an HOA fee of $360/month.- This meant I was out of pocket $510 each month.Fire Incident:- In November 2022, a fire in the unit above caused water damage to my unit.