The most important thing you can do is to be comfortable with your transaction.  

It can be tedious but it's the only way I really feel in control of the numbers; with all the software I constantly worried that something slipped through the cracks; the software wasn't transparent enough for me to feel comfortable with it.  

I try to show much more than the down payment just to get the sellers comfortable.  

@Whit HillWelcome to BPI'm not sure I feel comfortable answering your questions regarding the effects of the LLC on your income.  

I am a confident person who is comfortable taking risk but I guess I am still new and I sometimes hope that I am making good choices for my family with both our time and money. 

If any of them end up not working out, you can simply give them notice vs. having to jump through hoops to find a legitimate breach of the lease to get them out.As for the underrented units, once you're comfortable offering a long-term lease to the tenants, try also slightly raising the rental rate.  

Multi-family, SFR, and duplexes in the areas you feel comfortable investing.

I don't mean to fear monger, but if you're not comfortable being at the property during the day and night, or you wouldn't walk around the neighborhood, don't buy there.If you're chasing a great deal, you're doing just that... chasing.

Just my opinion, You should do what you are comfortable with, but you need to evaluate each deal through the lens of what your goals are. 

Because of that, the deals I began targeting are tear-downs or houses that require a substantial amount of construction to fully maximize the size of the lot.