While I'm well-versed in the Australian market, the U.S. market is completely new to me.

What would be my best route to take if we need additional finances?

Study all strategies, markets, etc, and find what fits your strategies.

@Colleen F. unfortunately, AFAIK, there is no other resource than go to small claims court and go after her, which will take me $2-3K in additional legal fees.

The residential lease market in Washington, DC, from January 2024 to January 2025 has experienced some changes:Units Listed: The number of units listed decreased by 78, a 15.92% decrease, from 490 to 412.Listed Median Price: The listed median price increased by $175, a 6.19% increase, from $2,825 to $3,000.Units Leased: The number of units leased decreased by 58, a 19.86% decrease, from 292 to 234.Sold Median Price: The sold median price increased by $100, a 3.51% increase, from $2,850 to $2,950.Summary: A decrease in units listed and leased indicates a reduction in supply and demand year over year.

You have to understand the market, neighborhoods, numbers, and realize the risks involved buying houses "sight-unseen".

Is this reasonable idea for this market?

You don’t get to just expense the additional real expenses.

In addition I heard that is better having one LLC for each property and one for management only.

Quote from @Andrew McArthur: Hi all, I'm from Toronto and been doing research into South Carolina's Multifamily market, specifically Greenville, Charleston, Columbia.