Also, to find deals with $50K spreads you're usually looking at major problems such as septics, structural, etc. 

I want to understand how to structure the finance terms.if for example the house is on the market  for $200K1. how much do i ask for down payment2 going interest rate?

Based on what I have heard/read thus far, it seems like I don't need a formal legal structure such as LLC for running this is as an active business (but I may set up an LLC for asset protection, which is allowed by my mortgage lender).

Of course, there's no guarantee on what will happen in the next couple of years, but demand continues to outstrip supply.  

Hi,I had a quick question about my residential property. It has recently been paid off. What should be my next steps:Should I move it to my name or put it under a holding company / Trust or have it under an LLC? I wan...

By doing so and if structured correctly you may find your tenant covering most of your mortgage and monthly expenses. 

Your structure is complex and not cost-effective.

The people I see with tens of millions or more with money find the best people they can and structure systems to realize more free time.

It's also worth mentioning that it's better to consult the CPA BEFORE you make a major decision (buying, selling, converting to rental, etc), since that's when you still have the opportunity to strategize and structure the transaction in the most tax-advantageous way. 

I know people handle the hiring and pay structure of their contractors differently.