If it's a business and you are in the growth phase then you may want to minimize equity, while if it is more of a portion of a diversified portfolio, you may want to keep more equity.For example, I am in the growth phase of REI, with it being more of a business than a portfolio allocation I add to slowly, so I try to keep as little equity in a deal or property as possible while still hitting a minimum cash flow value, thus maximizing Return on Equity (RoE).

In the future, I recommend you use an estoppel certificate during your inspection phase.

Not just on paper, do couple deals first.Then connect with a tax expert to discuss the best setup for your next phase, as @Jana Cain suggested.For now - keep your LLC as is, a sole proprietorship.

is what makes me wonder if we are in a mania phase, which is usually what happens right before the bubble pops.

Someone just emailed me saying...Steve,  it's comical reading the posts on that rounding the price topic at the "resistance" of so many to do something so easy to better ensure their buyer's loan makes it through the Bank of America or Wells Fargo processing phase with the least amount of potential issues as possible"

I'm still in a bit of a learning phase?

I started in in 2-4 family back in 2007 before making the shift to self storage in 2011 and while I learned a good deal in the multi-family if I could do it all over again I would definitely skip that phase:)Just something to keep your wheels spinning. 

In this phase, we’re collecting opinions from both landlords and companies with the objective of better understanding what are your experiences and pain points. 

Also include number of revisions you are allowed. ie Owner will be allowed 3 revisions per design phase, unless it is minor ie move a wall 1’, etc.

My 9 to 5 job is sales and I have grown increasingly frustrated with the prospect that I am making millions of dollars for somebody else when I could be putting the same effort into my own business thus,  have recently decided to go all in with real estate investing.I have a decent understanding of the process but I am stuck in the analysis phase of how to generate leads for a few hundred to a thousand dollars.