One of my clients recently just purchased a 3/1 single family house that will become a section 8 rental and they will be renting it out for $1550/mo which is well over the 1% rule.

You can invest in single-family homes, multifamily properties, land, commercial buildings, and even tax liens, creating opportunities tailored to your investing goals.

It does not matter if you find the single best market in the US.

Check out this recent thread on LLC’s, it’s pretty eye-opening that of all the very experienced investors on here, with centuries of investing experience combined, the consensus was that LLC’s are not needed for most investors:  https://www.biggerpockets.com/forums/926/ Of course gurus will tell you that you need one before you even have a single property, because it makes them sound smart.

I am primarily interested in single family homes (to start out at least).

2) I have on single family home (rents for $2100/month) that needs a PM. 

I own real estate investments and I own other asset classes like stock, crypto, etc. and there are pros and cons to all of them.I will say there is nothing wrong with selling your property and utilizing the cash elsewhere.

I was thinking that by giving a single builder rights to build on the land, I would get 1% of each contract price, something along those lines.

Adding the current mortgage and utilities would be roughly $1,350 resulting in a profit of $650/mo.

We have anything from multifamily & single-family properties that are already tenant occupied to permitted lots, so it works perfectly to consistently have something that can close in 45 days or less.