LLC formation FeesEvery state requires a fee for forming an LLC in their state.If you do business in a state other than the state that you formed the LLC in will require you to pay a fee for doing business in their state.Creating multiple LLC's can increase to the fees depending on how many LLC's you have and how many states they do business in.Regardless you should speak with an attorney on LLC formation.In regards to a state income tax perspective - The aggregate state income tax will likely be the same if they are all disregarded for tax purposes.Some things to note is that some states do require a separate tax return for LLC's(even if disregarded) such as Texas and California.

Have rental increases of at least 2% go up annually each year.If you are building from the ground up and are not experienced have a fee developer help out but they can cost 100k or so per project.You could also not even construct the building but have the tenant do a ground lease instead.

I'm not looking for a mentor per say more of someone who's doing it consistantly where I can tag along and help to increase my knowledge. 

If looking at just net rental income you should not expect an increase in your tax bill as depreciation will drive you into a loss that will either be:1.

That on top of the escrowed payment of 1 year of property taxes and insurance upfront (which was not disclosed to me, until I got a loan estimate) has also increased the down payment by $7,500.

Is that too much or should I gradually increase overtime.

There are extra features that will increase the value of the house so the range of ARV's can vary.

Also, you probably want to make a 1-5% increase each year for inflation as well.

In addition to Driving for Dollars, you can increase your mailing for money by working with a list broker to do more Mailing for Money.A lot of people have had a lot of luck mailing to Absentee Owners.

It’s currently half way through a 15 year note from my uncle and the rent has increased $225 a month already in 5 years plus all of the equity sitting in it.