@Sherwin Vargas it's hard to say because I don't know all your #s, especially what you bought it for.

LLCs can also be taxed as an S-Corporation or C-Corporation.Hope  this helps.

Educate yourself by listening to Biggerpockets Podcast its`s free and you can listen to it while driving to work and so forth.

What do the #'s look like?

Typically you would take the property to the existing mortgage(s) and cash the borrower out a portion of their equity ( if they have equity ) for the deed conveying ownership and resume paying the mortgage. 

Not super warm during the winter, but plenty of days in the 60's & 70's and overall great weather. 

If the seller wants to raise the rents to justify a higher price, s/he can do that.

Hi @Mark S.

Hillsborough county opportunity zones, here is a helpful article. https://eig.org/news/what-to-know-u-s-treasury-announces-proposed-guidance-on-opportunity-zones

They've discussed possible setting up an LLC, C-Corp, or S-Corp.I am younger and have two personal investment properties already as well as a full-time, well-paying job.