So much for an LLC protection.Here who is being sued:Federal Trade Commission, andUtah Division of Consumer Protection,Plaintiffs,v.Nudge, LLC, a Utah limited liability company; Response Marketing Group, LLC, a Utah limited liability company, also doing business as, 3 Day Real Estate Training, Abundance Edu, LLC, Affluence Edu, LLC, American Money Tour, Cash Flow EDU, Clark EDU, LLC, Edge 2 Real Estate, Evtech Media North, Flip for Life, Flipping For Life, Income Events, Insider’s Financial Education, LLC, Leading Financial Education, LLC, Onwealth, Power Flip, Prosper Live, Property Education, LLC, Renovate To Rent, Simple Real Estate Training, Smart Flip, Snap Flip, US Education Advance, Vintage Flip, Visionary Events, Wealth Tribe, Women’s Empowerment, Yancey Events, Yancey, LLC, and Your Real Estate Today, a Utah limited liability company; BuyPD, LLC, a Utah limited liability company; Brandon B.

I’m currently living here with a roommate and have a 3.3% interest rate loan on 300k and still owe about 280k.

I live in California. 

I can get $1,000/ month in rent or do I just sell for a loss and try to find a cash buyer who would live in it.  

@Belinda Lopez  very good points many reia's are owned by someone who is making a living running the REIA  or they have a publication of that reia and sell advertising.

I was initially thinking to purchase it and use it as co-living space for workers at a nearby auto-manufacturing plant, but am considering what other uses would make sense.

Hey guys, my name is Zack Nelson and I live in Northeast Nebraska and own a single family rental home in the same area. 

Rent needs to be > 1% of the purchase price, it's usually still not good even when this is met though, this just tells me when to dig deeper on somethingYou should look into PadSplit, I live in one right nowGood luck! 

I may also consider it for short-term rentals provided it its easier to manage, I live about a 3-hour drive from the property.What are your thoughts/opinions?

This is what hard money lenders do for a living and they have people and systems.