It's a great time to be building your real estate portfolio.Your mantra of "equity is the icing on the cake; cash flow is the goal" nails what a smart investors focus should be.Be sure to check out the Ultimate Beginners Guide as well as my 10 Rules of Successful Real Estate Investing.Continues success! 

A smart tax adviser once told me to never put your primary home into an LLC.  

I am thinking with NO bank we can pretty much write up anything that works for both partiesThanks much, love this site with all the info from such smart people.Joseph Q

we just had a thread on smart move the other day.  

. :)As for your personal happening, you are making sense to me and i think you are a smart not to jump on the very first thing you come across.

Appraisers can make errors, but from the appraisal, you should be able to get an idea of how to use similar properties that sold as recently as possible and how adjustments are made for size, features and amenities.The key is to get smart and get started. 

or 2) Is the tenant simply not allowed to have that many devices plugged into one circuit?

Biggerpockets has a lot of smart people on here.

I can only say I wish I was smart enough to do this when I bought my first property (single family foreclsoure) James

Personally, I think it's very smart.