We have a CA LLC (H3 Properties) but need another LLC for a partnership STR investment on the East coast.  

That synergizes well with snow removal and lawn care seasonally.

There is a property in NC that I am interested in pursuing.

If their credit sucks, they won't care, and you won't get that money.Share your rental advertisement and ask BP users to review it and give advice based on your market and your marketing.

You could sell the properties with the problem debt instead?

If you plan to house hack, I recommend you not to expect any cash flow.Living with friends can work, but it's important to approach it carefully.

Rehab projects are great and they give you the option to sell and move on after completing or to hold the property as long-term rental to generate some extra income.

Instead of using your personal income, employment history and DTI to qualify, a lender would look at the income or potential income of the property to make sure it cash flows after taxes and insurance are accounted for.

I bought a property in my LLC recently.

Purchase price: $70,000 Cash invested: $70,000 Bought a piece of property with 2 houses on it.