To invest in better areas you should be looking at properties in cash flowing markets in the $80K range and above, preferably with at least $850-$900 rent IMHO.

Should we have a joint bank account separate from our own strictly for the REI business to keep track of funds and cash flow recycling and etc?

That would mean, a steady cash flow, and not having to worry about turn over.

Why don't you use $200,000 equity and invest for cash flow in more affordable markets and still retain the property for appreciation.

In the mean time I need cash flow to focus on my real estate business ventures.

I don't know anything about pueblo but if prices are reasonable and it's a place you can cash flow, I don't see any reason not to Invest there.

I will not develop property unless it cash flows in year 1.(.58 acres with 3,000sqft min per dwelling so 8.42 dwellings or 8)Land Cost: $25,000 ($3,125 per unit) - Hoping this land cost is what gives me an advantageConstruction Costs: $706,270 ($85 psf construction costs) - This isn't a hard quote yet and will be updated once I get it officially quoted.

I'm a newbie but I was looking at multi family's around my area and wondering if there's anything special the banks can do if your purchasing a property that is already cash flowing with tenants?

In essence, I'm asking about how would I structure the LLC then the trust, how would the flow of money look ?

Be ready for cash flow on paper but not in reality.