I have a client that lives in Hawaii but owns a property in DC area.

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

A triplex that cheap is hard to come by I'm curious as to which market you're investing in and the state of the property.

You have one property.

Owners pay not to deal with problems.

Or local to the property?

Since the original loan was apparently for a primary residence an LLC could never qualify because it isn't a person who would owner occupy the property. 2.

Hello,My wife and I recently found a property that fits all of the things we are looking for, perfect location, price, rooms, etc. except for one problem: The previous owner was a smoker :( Does anyone have experience buying/renting out/living in a home previously owned by smokers?

First, all properties that appreciate the appreciation is based on the property value, not the equity. 

Check with your municipality about how property taxes will change when you buy the place.