I would greatly appreciate your input on this matter.Here is my setupPurchased property under a TrustLLC in FL owns the TrustHolding company LLC in WY owns LLC in FLI purchased the property sub-to, took over the seller's mortgage and I’m working on setting up insurance for the property.I understand I need to keep the seller as additionally insured in my insurance, but the seller no longer has "interest" (ownership) either in the Trust, nor any of the LLCs nor in the Deed nor Settlement Statement.

When prices go up as you move into better neighborhoods and/or more expensive markets, it will get tougher to exceed 1%.As others have mentioned, this is a good rule of thumb, but you have to run a full set of numbers to understand you potential ROI on a deal.

To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.

If your second building is not set up currently to be that, then they can't be a townhouse.

Develop a clear plan, set milestones, and remember that building wealth through real estate is a marathon, not a sprint.Good luck!

A Home Equity Loan is usually a chunk of money you get up front and start making P&I payments on right away for a set amortization period.

Either define a set period of time that you will serve as a manager for no cost and then collect xx% of revenue as a management fee before splitting profits.

It costs around $1,300 or so, and I believe (at least for me) the peace of mind that it is done 100% correctly is worth it. 

Don't spend time focusing on buying your first property, spend time setting yourself up financially so you can succeed in the future. 

Set up a clear scope of work and schedule regular video check-ins with photo updates.