If we factor in the lower interest rate and losing the mortgage insurance, even with the higher mortgage amount, the monthly payment itself for the house and escrow should only increase by about $40-$50 a month!

Discussion of LLCs is a big topic and filled with many factors with no 1-size-fits-all solution. 

@Jeff He for example closing costs are one of the factor and the amount of paperwork we have to do with diff lender in diff state, if I can do the same on a fourplex in a single parcel or focus on a 10 unit complex - i think that would concur only one time i guess.

Discussion of LLCs is a big topic and filled with many factors with no 1-size-fits-all solution.

Factor In your costs which have just gone up over the past week (mortgage rates have just spiked quickly by .50) and you are probably looking to net a profit of 40k on a million dollar purchase assuming 200k down.

I'm wondering how the investor analyzes a specific market (what factors make a good or bad market) and where to get the info for the analyses.

Too many factors go into this, and in the end, why does it matter?

The main factor is there is competition perhaps. 

However factor in utilities because if it is in fact "raw land" you have to think about things like sewer, water, electricity, and gas. 

@Brandon MontgomeryIt depends on a number of factors including AGI, projected net income, depreciable basis, etc.