What kind of LLC I should create?

I'd check data aggregator sites market reports if you want exact zip code appreciation.

Check with your homeowner's insurance.

Remember also that the interest on the loan is taxed at ordinary income rates.So for example lets say you have 100k and were making 8% in the markets - 8k per year and say you are in top bracket, you will pay $1600 in taxes per year or netting 6400.Now lets say you did a loan and were at 5% you are earning $5k per year (actually less because principal is being paid down and some of money goes into essentially a 0% checking account).

As a matter of fact, I still call him every now and then and I thanked him for being so kind and motivating me into buying properties. 

Yes, this is the first time I am doing any kind of RE investments apart from buying a house.

I'm not sure of the stats in your area.You have to know how to write up a purchase & sale agreement and open escrow, that kind of thing.

Check out some of my older posts on this subject.

@Neal Patel check out PadSplit and Bungalow

@Bashir Hopewell, what kind of work?