Long-Term: Own enough properties to build a monopoly board.

You can assume any government loan as long as you meet the requirements.

My wife and I are debating on moving out of California and the only place we are considering is Florida.

Purchase price: $140,000 Cash invested: $30,000 Sale price: $350,000 SFH - Long term hold

As long as I keep track of what expenses belong to which LLC, is it safe to continue running all of the payments and credit cards through the holdings company and then just divvy it up during tax time?

You have to be willing to play the long game and overpay with the intent that eventually after renovations you will take maximum market rent and turn a profit.

My wife and I are passionate about real estate and looking to purchase our first long-term rental property (small multi-family).

There is a small chance that I will not sell it for a long time. 

I don't know anyone or anything about the area but we are willing to pull the trigger.

Hey @Noah Yashinsky, South Florida is more of an appreciating market rather than a cash flow market for long-term rentals.