What percentage should I increase it by?

@Nicholas White - I'm looking for a Single Family and to be on top of all the processes of the deal; learning everything hands-on until I feel more comfortable and move to multi family rentals.And about Atlanta, definitely very attractive market.

I might not have been clear...I did not have PMI in my case, I just meant to advocate that I would get rid of it ASAP, if possible, as it increases equity and cash flow if renting.

I don't mean to discredit the posters above as I've seen them make great points in other threads, but just because a property won't appreciate or attract anything but struggling people doesn't equate to "beware" or "move elsewhere."  

By borrowing to buy you are adding risk but increasing your returns.

Then, once you've shown that you can meet or exceed return projections to family and friends, you can attract additional capital from passive investors.Regardless, real estate is a long-term game, so any strategy you use will likely take years to get off the ground.

One LLC is likely fine (many go without LLCs altogether) and more can be added as asset quantity and/or liability increases.

I have also been creating a chart to show that property value is increasing and home ownership is increasing.

From what I'm hearing from local note investors, many of them focus on NPN acquired directly from hedge funds given the steady increase in foreclosures. 

It is not a fixed lease in that he pays whether it is rented or not, but that he takes 10% of the rent and future increases (n lease up fees).