There is a lot of pressure to choose your tenants wisely, and make sure they all get a long.

Although I’ve been a long-time member, I’m just starting to engage more actively here.

I have an LLC structure, but I own a rental held in my personal name. 

That's a solid model and quite frankly, it is needed in a lot of markets.

2. can i pursue this opportunity and fix it to add value as a first timer?

Just a headache and full gut imo UNLESS someone already did a full gut rehab within the past 20 years or so4.

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.

There is a group of Canadians on BP. 

My mom bought one of these a few years ago. 

Karlton Dennis is a tax guy.. not a STR property finder guy.