This is a 4 unit property and luckily the damage seems to be contained to the one unit and no tenants were harmed.

Keep it simple.With real estate it almost never makes sense to acquire LLC units over acquiring the assets.When you acquire LLC units, you are also acquiring any unlisted liabilities of that LLC - say someone had a trip and fall 3 weeks before you bought it, and then they sue the LLC a week after you close on the purchase... now it's your problem. 

If you house-hack a duplex or fourplex, you can rent out the other unit(s). 

Hi Vasudev,We self manage our 8 units in Anchorage, AK.

Our family of 3 plan to live in one unit and rent out the other.

In case your aré interested, I am selling a 12 Unit in Playa del Carmen, 10min from the beach.

(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.On the other hand, you could also look into multifamily units where you can live one of the unit and rent out the other vacant units with as little as 5% down payment.

We're based in Orlando, manage long-term rentals 1-80 units, and own/manage 48 units ourselves, so we know what it's like to be an owner and a manager. 

We've been owner-operators for the past 3 years in Jacksonville, FL, we've bought over 200 units and currently own and manage 51 units in Jacksonville.

Will you need to do anything to the unit to increase the rents to at or above market rents?