Im also invested myself and have been dealing with the housing market for 18 years.

@Mike Lambert - Thanks for providing this perspective.

Prior to this, Matt and I were senior leadersof Profound Commerce, an e-commerce aggregator founded by Matt in 2018.

Renovated with cosmetic updates for immediate rental income, it offers strong cash flow while preparing for more extensive repairs and the addition of an ADU.

This deal would be $275,000 with the owner holding 80% of the loan for 5 years.  

This property also has a lengthy set of covenants that go along with the purchase agreement.

I hit 2 years at this home and tried crunching some numbers to see how much I would need to sell my current home for to break even with escrow/interest/reno costs.

Consider saving the 40-60k and maybe just spend a little extra on cozying up the place and making it more attractive. 

Since this is our first property, is it advisable to use a single LLC for both personal asset protection and holding the property, or are there reasons to consider a more complex structure?"

Tyler,I tell all of my Military Veterans when you close with me come back to us so we can offer a in house VA IRRRL.