Also, I don't see why you would take the risk of buying it in your own name and moving it into an LLC later...If it's a matter of the bank only taking your personal financial situation into account if you do it in your own name, I'd personally rather use hard/private money to acquire it, then refi with a bank once the property financials stand on its own.

I don't have any risk tolerance anymore.I will put it on the market once the tenant moves out in July.Wa trying to offer him some cash for early move out but he has bad credit history and doesn't want to move out.Thanks for advice, now I see what  I am doing wrong. 

My family and I will be moving to the Eastern Shore later this year if plans hold.

Once you have an established relationship with them they can move quickly. 

It's often pretty modest those first years after moving using FHA or 5% down.

Moved out 4 years later and it cashflowed $1,500 a month.

What people tend to think is that you can just buy a move-in ready property at top dollar and expect to live for free. 

Trying to determine my next move!

@Amy Lemaistre Homes in the Augusta market can move fast depending on the price point, location, and finishes. 

I was in a position where I needed to lever it somehow while I was still an owner occupant (I since have moved out of that building and rent it out as a rental), and ended up taking a heloc.