@Alex Deacon,Thanks Alex,  the one thing I can say is talk to a trusted mortgage professional, because every ones individual situation is different.  

They just want an extra $450 to do the loan is what it is. 

If you think you can only get $200/month extra from the rent... that's not a lot of room for error, should something go wrong or get broken and needs replacement.

However, when I check craigslist, individual rooms are going for $450-600.

I’d like to get to know some like minded local individuals who are also interested in upgrading the circle of people around them.

the county records list the owner as an individual.

I would market them all as individual sales, and maybe you get someone to buy them all.Go to your local REIA and get business cards and talk about the deals you have.Good luck!

I have not yet done a deal on my own but I am looking to purchase my first property within the next couple of months.So my question is, if I am planning to purchase properties, rent them out and collect cash flow for the long term, would it be more beneficial for me to form an LLC and then purchase my first property or purchase the property as an individual then transfer the property to an LLC down the road?

Anything extra is gravy at the end of the year. be conservative.2) Just model the potential increase into you numbers. 2%-5% annually3) Where in the loop?

When they call looking for a reference I make them to a bunch of extra stuff, too.