I have a lot of experience in single-family and  large apartment communities and syndications. But, I have come across an off-market 55+ community which I do not have any experience with. Does anyone here in this foru...

Good morning investors,I'm looking to buy a property in the South FL area and need to bounce some ideas against you guys. 

That being said, for recordkeeping, it is probably better to have a different LLC for buy and hold vs flip properties - though you do not technically need to separate them or have LLCs at all. 

The house I'm buying will be used as a long term rental.

I am currently looking at buying a new construction home as a long term rental property. sales price $214000. first my lender told me I can do 0 down. and I am really excited about this deal. but later he told me that am not qualified for 0 down because of my income. the other option is that I can do fha with 3.5% down, 6.125% interest rate. cash to close is $14000. my monthly payment is around $1575-$1590.it can at least rent for $1700 as a long term rental property.

If so, they could change ownership of LLC to you and add you as authorized to get mortgage info.You would buy it subject to the existing mortgage.

Looking at two potential ways to buy real estate for long term hold rental. property A assume the loan on a property with no equity at 6% interest rate.

Take that money and buy RE in other growing markets, stocks, bonds, index funds, high yield savings, or probably a combination of it all. 

I even turned off the hot water tank to save money (until my then-girlfriend, now wife, convinced me to turn it back on)—all to use these savings as my launching pad of capital to get into buying income-producing real estate and starting a business.Fast forward to today, the foundational skills and inspiring stories I absorbed from the BP podcast have given me the confidence to take action and believe in myself, significantly advancing my investment career.

Condition of a property and the cost to repair is just one of the risks in this business and you have to consider that in your buy price.