From what I can find, the last market valuation of this property was ~650k.

Like other posters have mentioned - it will likely vary by lender - but generally most states will be OK with either Individual or LLC but there are a handful of states that due to various regulatory interpretations will require a LLC (or require a LLC to have prepayment penalties on the loan structure) Borrower = Individual or Entity AL, AK, AR, AZ, CA, CO, CT, DE, DC, HI, ID, IL, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NH, NJ, NM, NY, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VT, WA, WV, WI, WY Borrower = Entity only GA, FL, IA, MT, RI, VA (1-4 Units) Prepayment Allowed Vested Entities Only IL, NJ

Based on your experience, in general, what is the rational or the steps in getting into a new market.

Paid market value however the property is under performing.

Are you focusing on your local market in San Francisco, or are you considering out-of-state opportunities?

It was through a local broker who brought it to me off-market after he knew what types of deals we were looking for.

I do not know anything about the Greenville market.  

Let me know if your ever in the market for SFR in that area

Good rental market* ( BP won’t allow me to edit my post title. )Hello,I'm looking to invest in a property for house hacking or to live in for 1-2 years before converting to a rental.

I am trying to learn hands on skills so that I can buy properties that may need some TLC given how hot the market is here in Raleigh.