Probably costs 50 bucks each transfer but watch out for transfer taxes if your area has those.If you do this, you risk the bank calling the note due (unlikely but can happen) because of the due on sale clause.

BUT, there are potential risks if I deed the property to my LLC.

I will tell you.That magic number X is... how EVER much  the numbers (this includes ARV, market value, and the amount of risk you want to take) allows.

In my understanding, higher capitalisation rates represent potentially higher returns but more risk on the cash invested. 

I work a 9-5 at a fortune 500 company, I can't risk "Public nuisance" on my record just for an investment. 

It can be done, it is actually not that difficult, but there will be some risks and set backs along the way.

This option seems to carry more risk, or at least effort.

Look at the contractor's own contracts, if he or she does not have their own contracts then they are not truly serious about their business and is a red flag to me.If you do want to take the risk of using a cheap general contractor or using cheap subcontractors then I would develop your own master agreement for your contractors and have them sign it in order to let them know what the standard is.

Well, there are a few different ways to do this, with each way being a better fit depending on multiple variables such as risk tolerance, available time to run a project, the interest in running the project, and emotional grit.

(what I mean by this is that the tax return only reflects the tax planning done during/the end of the year- which is a true value-add).That being said, you want to make sure it's prepared correctly (because a mistake can cost you lots of money- either in lost tax savings, or penalties).If you sincerely believe you can do it, you understand the risks, your situation isn't too complicated, and you are willing to put in all the time, then go for it.What you SHOULD be happy to pay an accountant for is tax planning and strategies.