We only did two specific LLC 's based on the address of each property because an accountant advised me to, but I am wondering if this will work?

As the landlord we set the standard, I set my security deposit based on the risk level to me as the owner / manager. 

I know a lot of people look at Debt to Income too, I also think that's crappy.

The house is a 3b/2ba 1,895 sq ft home but an additional sunroom built in which brings sq ft up to 2,055 (based off tax records my agent found).

I would only be focusing on only one area and market and the based on what I am hearing, the full turnkey service might not be the best way to go... 

The second property will be purchased with a mortgage (you can determine how high or low the leverage will be by adjusting the proceeds you use or the price point of the 2nd replacement).You are adding some measured debt at a level that your dad can be comfortable with. 

@Reddy Rangareddy   Not sure what your investing objectives are but if you finance that property with current debt and say rent is ~$2k/month or maybe even a little higher, then it won't cash flow. 

For our first-time OOS experience, we established a Nevada-based LLC Then we started investing in the MidWest, SouthWest & SouthEast. 

So any person that comes your way, you evaluate them based off the probability of the listing being closed on(via representation as the buyer or seller, or both).Someone offering 10% under list isn't a tire kicker; they're looking to get the deal done.

There must be quite a gap under those doors.And what about all the base molding?