Can I set up my account with my property manager in my LLC name so that all income and expenses go through the partnership even if the LLC doesn't own the rental? 

Maybe I was lucky that I have started investing before information became ubiquitous on the internet.The biggest fear (being cash flow negative) is not even a real threat, because it is manageable and it will fix itself over time.

I just got my first rental property so I am very new to all of this. 

I am quickly learning that many banks do not give HELOCs to rental properties.

Looking to structure the deal with concession's to come as little out of pocket as possible so I have different offers in mind, but the payment is between the ranges.I figure another 20% for Property Management, Vacancy, Maintenance which totals to $1,100.84/M-$1,146.14/M. 

As my first project I would like to purchase the property out of the trust, maybe move into my newly formed LLC, and convert to a 2 family.

I have the same thing in all my properties and can connect in remotely using the same app and login.  

I invested in deals with Lane about 4years ago so I've had time to see how they are managed.

IF all projections are met and the property is sold after 5 years it will be about a 10% annual return after all capital gains taxes are paid. 

We financed the down payment, so with my buyer's agent commission I got back from the seller at closing, not only did we bring $0 to closing, but actually made $5k when we bought the property!