I would suggest sharing the property analysis with your advisor to he/she understands the deal and properly add it into your financial plan. 

Sure, some CPAs will perform bookkeeping for an additional fee, but handing your CPA a box full of reciepts at the end of the year is not a reasonable expectation.

Anyway, I'm so glad to be done with them soon and warn against this group because they looked out for #1 instead of looking out for their private money lender in addition to their business.

you add it to the price, and then happily pay it out...

@Patrick HancockLLC's are not free and there are costs associated with LLC1) Formation costs - potential attorney fees and setup fees with the state2) Registered agent fees if the LLC is not in the state that you operate out of3) Annual fees to keep LLC active4) Bank feesThere are also additional administrative burdens with having so many LLC's.

I plan on living on 25% of that and using the additional 75% to invest.

I provided a small rent incentive ($150) toward the purchase of their lawn mower and then later an additional ($100) toward the purchase of a week wacker.

-Additionally, a lawyer would draft the lease and option contract.Questions:-Will most lenders accept the option fee and rental credit at closing as a seller concession, going towards the buyers down payment? 

Major work will be done by licensed GCs where we will be "additional insured". 

Now, if your goal is to build a nice net worth, then I would explore more expensive markets like Southern California, Seattle, etc.