I know that the property management it's not a primary consideration but I share it with you cause I have a very good and reliable team in Orlando so I'm sure they will save me a lot of money if they will take care of the properties.I'll be happy to get advices and detail info from a local investors in those cities. please be specific including neighborhood names or zip codes where you think will be the best to put the money in. 

Go for a personal note with this slight increase?

I have not had to factor in a commercial rental in my considerations.

I plan to refinance this property in a couple years to increase my cash flow a couple hundred dollars a month and then hold onto it indefinitely.If I had the cash and ability to get financing I’d have financed it from the start.

Lots of people fear the increased insurance premiums, expense and hassle.As to the costs, just talk with a local pool company.  

When the LLC reports the property gain the LLC partners/members will get a tax basis increase in their LLC interest for their allocable share of the tax gain they report, so any cash distributed attributable to the property sold by the LLC should not result in any additional tax liability to the LLC partners/members when distributed to them. 

It will depend on if they will be willing to issue a supplemental loan to increase proceeds.

One can make money OOS still but there is the consideration for quality overtime as the FI writer notes.

@Celena LathropThat train of thought still runs inside me but I believe I need to keep on increasing my credit score, pay off as much debt as I can before I am able to make that type of purchase right?

Make sure the $119K purchase price is a "good deal" and that rents (or other considerations(s)) can pay for all encumberances, reserves, and operating expenses.Step 1.