We are seriously considering  rent to retirement properties given the relative passive nature.

Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 Purchased off-market from a tired landlord, this fix-and-flip involved renovating a distressed property with outdated features and deferred maintenance.

I recently moved to the DFW area and want to get involved in real estate in the near future (looking to buy a property in the next 6 months to a year).

Keep the property IMO.

Is it worthwhile opening a discussion with the property owner to see if they're open to selling the property?

You do not need a separate LLC for each property!

I'm a 26 year old from Long Island hoping to acquire my first rental property by the end of the year.

I’d love to learn more about how you operate in multiple markets and what strategies you’ve found most effective for managing properties remotely.Looking forward to staying connected!

They had about 90k into the property.

I would suggest you hire an inspector as well as have a general contractor go out to the property.